Time for a look at the Business News now with marc ashdown. Hello, this is World Business report, im marc ashdown. We start in the us, where the all important Inflation Data is just out. Prices inched up injuly, but less than expected. The Consumer Price index, a key inflation figure, rose 3. 2 compared to a year ago. It was running at 3 injune, so on the face of it, the pace of price rises has ticked up again. But the markets had expected a bigger increase, so could todays figure be good news . And could it be enough to persuade the Federal Reserve to leave Interest Rates unchanged next month . Lets bring in our north America Business correspondent michelle fleury. Firstly, talk us through the reasons behind this uptick. Inflation had been easing gradually, why has it gone up . Some of this has to do with comparisons of where we were last year and the way the data is compiled but some of it is things like rising Housing Costs and stuff like rising Housing Costs and stuff like that. I
Flames. This is one of the worst affected areas. 0fficials flames. This is one of the worst affected areas. Officials say they are struggling to assess the full extent of the damage, and warn the death toll may rise further. Is anybody still out here . Its time to go these are the desperate calls for people still in the historic City Of Lahaina on the island of maui, as the flames on the marina gets closer and closer. Many neighbourhoods were burned to the ground as the western side of the island was nearly cut off with only one highway open, and thousands trying to evacuate as officials told of widespread devastation in the town, its harbour and surrounding areas. Some people fled into the ocean to escape the smoke and flames. I was the last one off the dock, when the firestorm came through the banyan trees and took everything with it. And ijust ran out to the beach and i ran south, and ijust helped everybody i could along the way. Youve got to know when you can. The cause of all this
And the soil is waterlogged. One farmer in wiltshire says the losses are heart breaking. Our reporter liz beacon has the story. So this is our wheat thats been damaged by the wind and the rain, as you can see. For a farmer, august should be one of the busiest times of year, harvesting crops. This year, the Unrelenting Rain has put paid to that and everythings ground to a halt. Its pretty depressing and its pretty heartbreaking because weve gone to lot of effort to grow this wheat and, of course, weve spent all the costs on it, so were completely cost stacked now, and without selling it, we cant, you know, we cant reclaim those costs. So we are. Yeah, its actually a lot worse than i thought. Tom collins is a fourth generation farmer here on his family farm. He knows it can rain in august but, after one of the wettestjulys on record, he believes Climate Change is having huge consequences for his business. What we really want is a level price at a time like this. If you worked in a shop a
warm and muggy night. 16 or 17 degrees the low for some of us. here is our weather front moving its way eastwards, lingering in the north of scotland, quite a soggy day to come across parts of the northern isles. then it s a mixture of sunny spells and showers. some of the showers will be on the heavy side. could see more generally cloudy weather clinging on across the south east corner. still quite warm across parts of eastern england but turning cooler and eventually a little bit fresher from the west. then we head into the weekend with this area of low pressure quite close by. this is going to bring some showers or some longer spells of rain, particularly across the north and the rest of the uk. on saturday, outbreaks of heavy rain at times across scotland, northern ireland, northern england, parts of wales. further south and east, not as many showers, more in the way of sunshine and still some relative warmth, 2a degrees in norwich. cooler and quite breezy further north and west an