the boss of barclays bank said today that further rises are now almost certain. faisal islam, bbc news. as we heard, food prices in the uk continued in april to surge at their fastest rate in nearly 45 years, with staples like sugar, milk and pasta up sharply. they re one of the main drivers of the current inflation rate and have been deemed worryingly high by the chancellor. our cost of living correspondent colletta smith has been taking a look at what this has meant for shoppers at one supermarket. rising food bills are a challenge for all of us at the moment. so i have been carrying out a very unscientific experiment buying the same ten basic items from aldi every month or so for more than a year now, to see what food inflation really looks and feels like. so, my shop today has cost me £18.29. that is an increase from £14.57 this time last year. i have done this shop nine times
do you have any good news for us this morning? i think i do have good news. all right. this morning s number is 1.7% because existing home sale prices in april dropped 1.7% from april of 2022. that s the largest yearly drop since 2012. it s not the only place where we re seeing prices drop over the last year. look at the average nationwide gas price, a year ago it was $4.57 it s down to $3.54. remember egg prices were really, really high. the wholesale midwest egg cost, a large dozen, look at that, it was $5.46 in december, now it s 94 cents. we re seeing prices drop in a lot of places. if you are inside the white house their frustration is that they see something like this, but it s not showing up in poll numbers, it s not showing up in how americans view the economy. has that changed at all? i think it has changed. americans still view the economy negatively but when you ask them is the economy the nation s top
India s overall exports on Wednesday posted a 14.57 per cent increase year-on-year in January 2023 to USD 65.15 billion, against USD 56.86 billion on January 2022, the Union Commerce ministry stated in a release.