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Says he has been diagnosed with stomach cancer. he's received chemo, radiation and surgery, he says he got the news in the fall. it is unclear if keith will continue on his 2022 summer tour. todd. >> todd: americans get burned by inflation with groceries spiking 12% and cost to eat at restaurants shooting up 7.4%. one barbecue joint in florida are trying to lower menu prices. owner of porky's original barbecue, steve white, joins me now. steve, how the heck are you affording this how are you able to slash your prices and stay afloat when everybody else is raising theirs? >> i notice the differ...

This, this. this is the fastest growing economies in the world. libya, 177%. let's just -- i'm not going to read them all. peru, almost -- rachel: potts wanna, india. will: israel. the united states that the he's brag about is at 5.6%. pete: the united kingdom, 7.4. uzbekistan rolling in at 7.4. rachel: but if you say it on jimmy kimmel's show, it must be true, or at least the people watching might actually believe that. but do they? because they feel it. pete: they always jump over other stuff. have they fact checked it? will: yeah. pete: it's us. i like that. rachel: has he ever talked to a ...

Lower oil price that will help with fuel prices as well which is of course part of what is going on around the world in terms of inflation. prices in the uk are rising by 9% a year, the highest rate for a0 years, and later today we'll find out whether inflation in the eurozone is continuing to rise — it's already at a record high of 7.4%. on monday, german inflation hit 8.7% in may, putting growing pressure on the european central bank to act and raise rates in july. joining me now is christian schulz, economist at citi. good to see you. how much pressure is inflation putting on the eu proje...

Massive factor in this. also, petrol is now at a record high. in april it reached £1.62 a litre. if you think about it, this time last year it was about it, this time last year it was about 40p less because of that is a significant increase. going back to what rishi sunak said it being a global issue, we still do have the highest inflation rate out of the g7 of the big seven economies around the world. the us inflation rate is 8.3%. germany is 7.4%. france is 4.8%. sadly, we are at the top of the table at the moment. yes, the bank of england have warned that inflation will go even higher, pos...

Interest rates. works by essentially putting a damper on demand as you put it. when you raise interest rates, makes it a little bit more costly to get a mortgage and car loan, to get a big credit card bill if you don't pay off the bill and incur interest. all of the things, higher cost to borrow will mean you're maybe less likely to bid on a house, buy a car, maybe not going to bid as much. idea is that if you push down demand a little bit, should bring down some of the pricing pressures. risk of course is that historically when the fed raised interest rates to bring down demand, accidentally ...