Page 45 - 10 1 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's wednesday, the 19th of april. the rate of inflation in the uk has dipped slightly but it remains above 10%. the average basket of goods cost 10.1% more in march this year than 12 months ago — that's slightly down comparison in february, but not by as much as expected. in the last half hour, the chancellor of the exchequer, jeremy hunt, has given his reaction to those figures. this is a small headline fall but it disguises a large rise in food inflation, which is causing pressure to families up and down the country as they see the cost of their weekly food shop going up. and it shows the...

That is lower than it was the previous month when it was 10.4%. that means prices are still rising but not quite as fast as they were pulled up just to but not quite as fast as they were pulled upjust to be but not quite as fast as they were pulled up just to be clear, but not quite as fast as they were pulled upjust to be clear, prices are not falling, they are rising but not as fast as they were. it takes into consideration a whole range of goods and services and working at the average price from what it was 12 months ago. it is on average. some things will have gone up by even more than tha...

19.2%. so that makes things a lot more expensive for families when you factor that into the cost of the weekly shop. there was a slight fall in the price of petrol and diesel. that is important because that affects so many other things. the cost of transporting all his goods around. if petrol and diesel start to full, it may start to feed through in the prices for goods that had to be shipped around. it takes some of the pressure down. the 10.1% rate of inflation is way above the bank of england target. we are way above it. it tends to lead to the bank of england increasing the base interest r...

Increases the cost of things like mortgages, and they are an incentive to save and not tomorrow. but it is the main mechanism that the bank of england has, but it is still a painful tool for households, it does hit borrowing in particular. but the whole point is that it lowers demand and eases the pressure in the economy from consumers buying more, if they buy a bit less, the prices night not rise at the same pace. thank you very much. so, let's just recap, let's put it all in context. inflation stood at 10.1% in march, thatis inflation stood at 10.1% in march, that is a slight fall from the 1...

Hello, this is breakfast withjon kay and sally nugent. just after half past seven. let's just wreak upon the breaking news we bought you a few moments ago. the state of the nation's finances. the latest inflation figures have been released, and they show that a typical basket of goods is still more than 10% more expensive than it was a year ago. we were expecting that the overall inflation rate would drop below 10% today, but in fact, although it has fallen slightly from 10.4% in february, it is still 10.1% in march, so prices not falling as fast as many predicted or indeed as all of us at hom...