Thailand Post Co. raised prices for domestic letter and parcel deliveries this week, the first such move by the state enterprise in 18 years, as the country’s inflation rate has accelerated to a 14-year high
this week you and g7 allies introduced a plan for an oil price cap for russian exports, which is not yet filled out, and obviously is a response to the high price of gasoline in the united states, and around the world. are you confident that that cap would bring down prices for american drivers, and how long is it fair to expect american drivers to continue to pay a premium because of this war? >> the second part of the question was would it bring down the price? >> will it bring down prices and the war has pushed prices up, they could go as high as $200 a barrel, some analysts think, how long is it fair to expect american drivers and drivers around the world to pay that premium for this war? >> as long as it takes, russia cannot, in fact, defeat ukraine and move beyond ukraine. this is a critical, critical
mr president. this _ jim, the new york times? thank you, mr president. this week, _ jim, the new york times? thank you, mr president. this week, you - jim, the new york times? thank you, mr president. this week, you and - jim, the new york times? thank you, mr president. this week, you and the| mr president. this week, you and the g7 allies introduced a plan for an oil price cap for russian exports, which has not yet filled out, and obviously as a response to the high price of gasoline in the united states and around the world... are you confident that that cap would bring down prices for american drivers? and how long is it fair to expect american drivers to continue to pay a premium because of this war? , _, ., , ., war? the second part of the question was would it — war? the second part of the question was would it bring _ war? the second part of the question was would it bring down _ war? the second part of the question was would it bring down the - war? the second part of the question was would it bring down the prize... l was would it bring down the prize... will it— was would it bring down the prize... will it bring — was would it bring down the prize... will it bring down prices and... the war has pushed prices up, they could go as high as $2 a barrel, some analysts think. how long is it fair to expect american drivers and drivers around the world to pay back premium for this war? this drivers around the world to pay back premium for this war?— premium for this war? as long as it takes. premium for this war? as long as it takes- russia _ premium for this war? as long as it takes. russia cannot _ premium for this war? as long as it takes. russia cannot in _ premium for this war? as long as it takes. russia cannot in fact - premium for this war? as long as it takes. russia cannot in fact defeat | takes. russia cannot in fact defeat ukraine _ takes. russia cannot in fact defeat ukraine and move beyond ukraine. this is— ukraine and move beyond ukraine. this is a _ ukraine and move beyond ukraine. this is a critical, critical position— this is a critical, critical position for world. here we are...
Across the state of Tennessee, gas prices are rising again — up five cents over last week — to an average of $3.90 per gallon of regular unleaded. This is eight cents less expensive than one month ago and nearly $1.21 more than one year ago.
putting on households. what affects business? , , , , putting on households. what affects business? , ,, , ~ business? huge pressures. all those cost increases, _ business? huge pressures. all those cost increases, particularly _ business? huge pressures. all those cost increases, particularly in - cost increases, particularly in energy, are really driving prices up for businesses. they have to pass those on through the supply chain. ultimately the last person in that chain is also, the customer. those prices are going up. there are still shortages in certain parts of employment, some things like drivers, things you talked about, their wages have gone up massively over the last 12 months. all those little increases along the supply chain means the things we want to buy are going up and we are starting to notice it in our purses as we go shopping. if to notice it in our purses as we go shouina. , , ,, , �* to notice it in our purses as we go shoutin. ,, ,,, �* , shopping. if businesses didn't put rices u - , shopping. if businesses didn't put prices op. what — shopping. if businesses didn't put prices up, what would _ shopping. if businesses didn't put prices up, what would happen? i shopping. if businesses didn't put i prices up, what would happen? they would have to _ prices up, what would happen? they would have to lay _ prices up, what would happen? tie: would have to lay people off prices up, what would happen? tiez1 would have to lay people off because they can't keep up on the speed of increase. they won't make any money. if they don't make money, they can't pay its staff, it is that simple. we are not used to this level of
what are you having to say to your customers then? who make pitta bread, bagels, your average loaf. the price of flour has got to go up. that sort of increase is so dramatic, so high, that we just can't absorb those kinds of increases. if mills don't put their prices up, they will go bust. and this is a business that has been in your family for six generations and in order to protect it, you will have to put prices up and that is what a lot of businesses were saying. hovis, domino's pizza, greggs the bakers, all saying that we are going to have to expect to pay a little bit more at the checkout and that is combined with energy bills going up as well. so that prediction from the bank of england of 7.5% inflation, lots of businesses saying that is way out of date now. as the year goes on, we can expect prices to go up even more and wages are not keeping up
so in september last year, wheat was about 200, forjust over a thousand tonne so the bread we were making here, it rose over a four—month period to about £290. historically high. now we have had a similar hike, not in four months but in two weeks, so a rapid increase in prices. what are you having to say to your customers then? who make pitta bread, bagels, your average loaf. the price of flour has got to go up. that sort of increase is so dramatic, so high, that we just can't absorb those kinds of increases. if mills don't put their prices up, they will go bust. and this is a business that has been in your family for six generations and in order to protect it, you will have to put prices up and that is what a lot of businesses were saying. hovis, domino's pizzas, greggs the bakers, all saying that we are going to have to expect to pay a little bit more at the checkout and that is combined