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By the consumer prices index, was substantially higher than analysts had been expecting, up from 4.2% the previous month. the rise was partly driven by sharp increases in the cost of petrol and clothing. our business correspondent ramzan karmali joins me now. it is obviously a very high rate of inflation, how does it break down? you talk about fuel and energy, petrol has hit its highest ever level atjust below petrol has hit its highest ever level at just below £1.46 petrol has hit its highest ever level atjust below £1.46 a litre but it is notjust food and energy, inflation, the rise of it ...

Let's start with this piece that's in "the wall street journal," an opinion piece that was published last year said "an april analysis from citigroup estimates that if costs were fairly allocated, parcels will cost $1.46 more. it's as if every box comes with a dollar or two stapled to packing slip. jamie, there are people fact and disputing it. >> it's a study out there. there's a commission degrees on this. they agreed on the rate amazon and others pay. this suggests not necessarily that amazon making the post office lose money. i picked is a statute says the post office -- perhaps they will ...

None. and that reference to $1.47 that the president came up with there? a citigroup city last year showed on average the postal service was charging $1.46 below market rates for package delivery. but our researchers point out if that discount exists, it's not just for amazon. it's a bulk rate discount. back to john roberts. there is a great deal of confusion or something here regarding amazon and the post office because none of that was true. >> shep does the magnolia state proud. >> yeah, i mean maybe the president might hear this, because he saw it on fox. >> the irony of this whole thing i...

>> shepard: as i have been reporting amazon stocks have rebounded a bit after sliding earlier today following new attacks from president trump as we have reported. the president claims the united states postal service losing money through its shipping agreements with amazon. it does not. analysts say the post office makes a profit. here is how amazon has been trading over the last five days. you can see it started back over here when it was kind of high and back over here. it's had a bit of rebound today up $15.78 at the moment. a little bit more than 1%. current share price in the top license...

Office should jack up rates which, of course, would affect the delivery cost for amazon and all those people, shep, who pay a flat fee for prime delivery every year that might shift the cost curve a little bit for amazon. it could very simply be put down that this is a feud between the president and jeff bezos. you know, times have you got your own facts when you are in a feud. >> shepard: i guess. so amazon is up $9.46 a share by the way. in the middle of a trade war which we have now a trade war. president trump says the relationship between the united states and china is very good. >> i hav...