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And in the euro area, where wholesale Energy Prices feed through more directly to Consumer Prices. Where there is more uncertainty is around the time it will take the other non Energy Components of the Consumer Price of Consumer Price inflation to come down as well. Price inflation for food and Non Alcoholic beverages has been very high, but it does appear to have peaked. And as you can see in this chart, there are signs in the monthly figures that it has started to ease. And evidence collected by the banks Regional Agents suggests that a moderation in food inport prices is being passed throug...

Responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. In the us, it is 3 . In the eurozone it is 5. 3 . And yet, here in britain, inflation remains stubbornly at 7. 9 because of a decade or more of mismanagement by the conservative party. Lets talk to our work and money reporter peter ruddick. What does this mean for people with mortgages . It what does this mean for people with mortua. Es . , what does this mean for people with mortua. Es . , , what does this mean for people with mortauaes . ,. Mortgages . It was widely expected but unfortunat...

Mortgages and loans payments for many people in the uk but it should also mean higher savings for some. The chancellor, jeremy hunt, says the governments plan to bring down inflation is on track. Well, of course any rise in Interest Rates is a worry for families with mortgages, for businesses with loans. Its tough news for any family that has a business or any business with a loan. But underneath these tickets is more encouraging news when it comes to the trend, what Bank Of England say today is when it comes to the battle against inflation from the government says we are reducing it solidly, ...

♪ or the ramparts we watched were so gallantly streaming. ♪ and the rockets' red glare, the bombs bursting in air -- ♪ gave proof through the night that our flag was till there -- still there. ♪ o, say does that star-spangled banner yet wave -- ♪ o'er the land of the free and the home of the brave ♪ ♪ will: good morning. welcome to "fox & friends" where we start with a fox news alert. the suspected gilgo beach serial killer pleading not guilt to six counts of murder yesterday. >> and long island authorities say they cracked the decade-old cold case thanks in part to dna...

donald trump in a defamation lawsuit. we'll explain why the doj is backing off its previous position. plus two months worth of rain in two days. vermont is just starting the recovery process from that disaster. we'll get an update from one of the state's top lawmakers. all right, good morning, and welcome to "way too early" on this wednesday, july 12th. i'm sam stein in for jonathan lemire. we begin with the major developments out of the nato summit in lithuania. the alliance says it will invite ukraine to join but only when allies agree and conditions are met. the group did not gi...