argues the data does not reflect a recent decrease in gasoline. prices for regular unleaded had fallen about 40% 40 cents rather over the past 30 days or so but still remain about a buck 50 higher than this time last year. our coverage begins tonight at the federal reserve where rich edson tells us what to expect next. big question there, rich. good evening. good evening, bill, officials here at the federal reserve are trying to bring these price increases under control despite that inflation is on that toward praise throughout the economy. latest report shows that americans are now paying substantially more than they were last summer for the same goods and services. it s worst than economists and investors expected. prices were up 9.1% in june compared to the same month last year. today s numbers notching another 40 year high. the labor department s monthly consumer price index shows food up 10.5% from last year. energy increased more than 40%. gas almost 60%. and hous
Than expected last month. Our economics editor faisal islam has been to rustington, in east sussex, to find out if people are feeling any better about their finances. On about their finances. The on about theirfinances. The high on about their finances. The high street, on about theirfinances. The high street, shoppers can on the high street, shoppers can feel inflation is coming but the feelgood factor the Prime Minister will depend on in a general election remains elusive. ,. ,. , in a general election remains elusive. ,. ,. Elusive. Some products are auoin elusive. Some products are going up. Elusive. Some products are going up. Some elusive. Some products are going up, some products. Elusive. Some products are l going up, some products are plateauing. It isjust going up, some products are plateauing. It is just not a good time for everybody. I good time for everybody. I think things are still going up ust think things are still going up just slightly less faster. Gas and electricit
nigel farage says he want to be a candidate for prime minister in five years time. right now, his party is promising to cut the nhs england waiting list to zero in two years. how is that possible? and the two child benefit cap which both the conservatives and labour will keep will plunge half a million more children into relative poverty ,according to new figures., according to new figures. welcome to newsnight, where we bring you interviews and election insight live every weeknight. our political panel tonight is conservative peer lord ed vaizey. and the boss of electricity company ecotricity, dale vince, who will support labour at this election. he s donated money to labour, the greens and lib dems in the past. we ll hearfrom them in a moment. first, nick, take ouraudience through what mr farage was promising today and why merthyr tydfil? as you say the key word is contract, nigel farage says it is not a manifesto, because he says manifestos are associated with the est
From its scheduled date on monday. Now on bbc news, all the latest Business News live from singapore. To hike or not to hike. We will look at the Rate Decision of the federal bank and its impact on asia. And why is rechargeable gear becoming popular among the Gaming Community . Good morning, asia. Hello, world. Welcome to another edition of Asia Business report. Its a tuesday. Im rico hizon. We kicked off with the us Federal Reserve. Investors will be keeping a close eye on this weeks meeting from the central bank for any clues for the rest of the year. The outlook will further rate rises is nowhere near certain. The Chief Economist told me why the Us Central Bank is expected to raise the cost of borrowing by another quarter of this week. It is pretty unanimous that they will raise rates. That has been the clear Forward Guidance. If they dont, it will be a shock to the markets. The interesting thing the markets are looking for is any Forward Guidance going forward. In view, given the e