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That is our forecast that we get to exactly 10% year—on—year injuly and some of our fellow economists don't think it is quite that bad they say nine point 8% perhaps but 9.8, ten, these are incredible figures that even a few months ago we would have found hard to believe. yesterday we had the labour market numbers and the wages and they were up as well. so 10% inflation and wages at 5% that is a painful situation for uk households. we 5% that is a painful situation for uk households.- 596 that is a painful situation for uk households. we saw the bank of england _ for uk households. we saw ...

Down, josie is an comment and hopefully has some answers for us, what comes next?— hopefully has some answers for us, what comes next? unfortunately we are forecasting _ what comes next? unfortunately we are forecasting inflation _ what comes next? unfortunately we are forecasting inflation to - what comes next? unfortunately we are forecasting inflation to get - are forecasting inflation to get even higher, and peaking round 12%, before the end of the year, which is going to hurt consumers even more as they feel the pinch on their money at the end of the month. because we have seen that wag...

One other place? the local dollar store. one in three families will head to the dollar store, up from one in four families, a real sign of the times as people look to stretch the dollar as much as possible as prices remain high. back to you, david. david: it's the $1.75 store now. lydia, thank you very much. well, the white house is touting that inflation was flat in july from june with, but republicans firing back that it jumped 8.5% from a year ago, and that's nothing to brag about. joining me about is former dallas fed adviser danielle dimartino both, journalist adam lashinsky -- haven't se...

We have to act to stop that. so the bank today raising rates for the sixth successive time, up by the largest amount in over a quarter of a century to 1.75% and despite recession heading still higher but recession heading higher to try and keep a lid on it that inflation. 0n the streets of cardiff the overall hit to household incomes is becoming clear to all. it's a lot of stress, and financial stress is one of those hidden ones that no—one wants to talk about. the prices are so high now that i've had to start cutting back. so if they do keep going up, we're going to see a lot more, you know...

Joseph wu. the headlines on bbc news... the bank of england rejects accusations it was too slow to raise interest rates in the uk. the rise from 1.25% to 1.75% is the biggest increase in 27 years. the economy dominates the latest conservative leadership debate — as contenders liz truss and rishi sunak clash over how to deal with the threat of a looming recession. taiwan's foreign minister warns that china's dream of territorial expansion does not end at taiwan, as beijing continues its show of military force around the island. as parts of europe face a drought, the first in a series of hosep...