BBCNEWS Talking Business June 4, 2024 10:38:00
I'm going to do it again. i want to put you on the spot. in a year's time, what are price going to be doing? that's tricky, because this time last year you asked me the same question. and thankfully, i was right. i'd suggested that price is going to go quite a bit higher. and yes, they did. a couple of factors. number one, the world economy is under a bit of stress. so demand is slowing, i would say, across the board, mostly because of the cost of living crisis. inflation is just very high, which makes people feel poorer and means the disposable income is less. secondly, interest rates are goi...