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and the rate of "core inflation" — which strips out volatile items like food and fuel — is actually going up. rising interest rates are piling the pressure on millions of mortgage borrowers here in the uk — who are facing steep rises in monthly bills. the bbc has been hearing from some of them. rebecca from greater manchester, craig in cambridgeshire, and rose who lives in hampshire. just three homeowners out of hundreds of thousands of people facing a huge rise in their mortgage costs over the coming months. at this moment in time, at the end ofjune, i will make my final payme...

hovering around 2%. right now, it sits somewhere around 4%. that's certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it's why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expens...

this is it, the official kickoff for the 2024 battle for the white house, and one state has the first shot at shaping the race. >> it's decision time in the bitter cold heartland. >> iowa has a huge, huge role to play here. >> this starts here. >> there is no way iowa is voting against trump. >> the first votes in a presidential contest that is testing american democracy in extraordinary ways. >> are you ready? >> will the former president and unprecedented legal peril get one step closer to a white house comeback? >> 2024 is our final battle. >> it's iowa's choice. tonight, after mo...

right now, it sits somewhere around 4%. that's certainly better than where it was last year. somewhere above 8.5% but it is still not good enough. and it's why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it...

which strips out volatile items like food and fuel — is actually going up! rising interest rates are piling the pressure on millions of mortgage borrowers here in the uk — who are facing steep rises in monthly bills. lets hear from some of them... at this moment in time, at the end ofjune, i will make my final payment of £434 when my current deal ends. and thereafter i have been told to expect my payments will be over £1,800. i'm currently paying £560 a month. at the end ofjuly, it will go onto variable, and it will go up to £1,200 a month. 0ur mortgage has gone up by over £...