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 through the supply chain to Consumer Prices. So we do expect that food Price Inflation will come down gradually over the rest of this year. The Shadow Chancellor has said the Interest Rate rise weve seen today is another hammer blow to families who are seeing their mortgages increase. Rachel reeves said that the government needs to force the banks and lenders to do more to Mortgage Holders help includin
Pain it also causes. The background to this is high inflation, we have a sequencing that Around The World, particularly sticky, or at least has been here in the uk. That is why the bank has been increasing Interest Rates to try and curb the spending and get that Inflation Rate down. Should they continue to do that today, on the one hand, we have an Inflation Rate in the uk that has been easing a little, and when you dig into some of the details, to look at Producer Price inflation, thatis look at Producer Price inflation, that is further down the supply chain, that is the price is that manufacturers and factories might be paying, suggestions are it could be coming down quite significantly now. On the other hand, headline inflation, 7. 9 , still four times the Bank Of Englands 2 target. When you strip out energy and food, which can be equally volatile core inflation, they are still not falling by enough, wage growth remains quite high as well, and then there are wage comparisons, and in
welcome to bbc news, broadcasting to viewers in the uk and around the world. we start with an exclusive interview with the wife and mother of two of the british passengers lost in the titan sub disaster in the north atlantic last week. the submersible was on its way to view the wreck of the titanic when contact was lost, and the vessel imploded. christine dawood the wife of shahzada dawood and the mother of 19 year old suleman dawood was on the polar prince, which was supervising the mission. she told the bbc that her initial intention was to go on the trip herself, but she gave the spot to her son because he was so excited by the prospect. it comes as the us coast guard has announced the launch of an investigation, which would be able to recommend civil or criminal charges. christine dawood has been speaking to the bbc s nomia iqbal in stjohn s, newfoundland, from where the expedition had set off. the sentence, we lost comm. i think that would be a sentence i will neve
they are so cute! good morning and happy st david s day. it will remain very cloudy, a little bit of rain here and there but not a lot, colder into the weekend and especially next week. all of the details later in the programme. it s wednesday the 1st of march. our main story. a major search is still ongoing for a two month old baby who police fear may have come to harm in freezing conditions near brighton. the child s parents, constance marten and her partner mark gordon, are being held on suspicion of gross negligence manslaughter but are refusing to give any information about their baby, as vincent mcaviney reports. monday night in north brighton. after 53 days on the run, constance marten and mark gordon are spotted on cctv walking down a residential street. while shopping in this convenience store, they were spotted by a member of the public who called 999. shortly after, they were filmed again. officers arrested the couple without their baby walking towards an allotme
for many rail commuters, like these in marston in west yorkshire, getting around has become an ordeal and notjust on strike days. trains are always cancelled, you can t rely on them. i go to work to manchester, i only go one day a week but it s still a nightmare. i would probably go in a bit more to work if i could get the trains, it s absolutely shocking at the moment. i don t feel like it s train service at all. it s just incredibly dire and stressful for commuters. train cancellations in britain have reached record levels. the industry blames covid delaying the training of drivers, staff sickness, and factors like winter weather, plus the knock on impact of strikes. transpennine express, which runs services around the north of england and into scotland, has been making dozens of cancellations each day for months. the northern powerhouse partnership, campaigning business group, claims today that the operator s problems are costing the economy in west yorkshire £2 million a