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And in the euro area, where wholesale Energy Prices feed through more directly to Consumer Prices. Where there is more uncertainty is around the time it will take the other non Energy Components of the Consumer Price of Consumer Price inflation to come down as well. Price inflation for food and Non Alcoholic beverages has been very high, but it does appear to have peaked. And as you can see in this chart, there are signs in the monthly figures that it has started to ease. And evidence collected by the banks Regional Agents suggests that a moderation in food inport prices is being passed through the ....
Pain it also causes. The background to this is high inflation, we have a sequencing that Around The World, particularly sticky, or at least has been here in the uk. That is why the bank has been increasing Interest Rates to try and curb the spending and get that Inflation Rate down. Should they continue to do that today, on the one hand, we have an Inflation Rate in the uk that has been easing a little, and when you dig into some of the details, to look at Producer Price inflation, thatis look at Producer Price inflation, that is further down the supply chain, that is the price is that manufacturers and factories might be paying, suggestions are it could ....
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