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a far cry from the 9% we saw in june but there are warnings of a possible recession or the pipelines our business reporter katie silva has been looking into the details of the story for us. it is always great to see you on asia business report at the seems like relatively good doesn t it? fit at the seems like relatively good doesn t it? of course. as we mentioned good doesn t it? of course. as i we mentioned a huge drop since lastjune. 5% inflation down from 6%, its well and truly been welcomed in high quarters, president biden saying it gives american families some breathing room in particular pointing to the fact that we ve seen the greatest reduction in the costs of gas as well as food and grocery expenses, things that are very important to american families. but the excitement should be tempered somewhat. up was the us like many major economies pursues an inflation target of 2% so 5% is still a long way off that and if we were to take out those impacts of the fu ....
of a possible recession in the pipelines. our business reporter katie silva who has been looking into the details of the story for us, joins me now on the program. katie, it is always great to see you on asia business report and this seems like relatively good, doesn t it? it does. it has been welcomed in high quarters. president biden, for example, saying that it gives american families some breathing room and particularly pointing to the fact that we ve seen the greatest reduction in the costs of gas as well as food and grocery expenses things that are very important to american families. but the excitement should be tempered somewhat. of course, the us like many major economies pursues an inflation target in the order of around 2%, so 5% is still a long way off that, and if we were to take out those impacts of the fuel and food prices, that would leave us with a figure called core inflation and, in fact, core inflation actually rose, particularly driven by increase ....
its lowest level for nearly two years. consumer prices rose by 5% of the year to march, a far cry from the 9% it was that in june. but there are warnings of a possible recession in the pipeline. our business reporter is katie silver, she s been looking through the dater and joins me now on the programme. great to have you on the show. this looks pretty optimistic, doesn t it was back it s good news it isn t it? it’s doesn t it was back it s good news it isn t it? news it isn t it? it s good news it isn t it? it s good news but it news it isn t it? it s good news but it needs - news it isn t it? it s good news but it needs to - news it isn t it? it s good news but it needs to be i news but it needs to be analysed further and taken with analysed further and taken with a grain of salt. inflation is down and there are warnings every session but still we are hearing the fed may hike rates for the three things that don t normally go together. in terms of the inflation fi ....
Liabilities. the country continues to be in the grips of soaring inflation as well as a shortage of essential commodities such as food and fuel with one in three sri lankan families experiencing food insecurity. food insecurity. later today the world food insecurity. later today the world bank s food insecurity. later today the world bank s outgoing | food insecurity. later today - the world bank s outgoing chief is due to address the media he announced his resignation in february and will be stepping down at the end ofjune stopping the organisation will select a new president next month stopping the former chief executive of mastercard is the most likely candidate following his nomination by the united states, the bank s largest shareholder. there has been a lot of discussion around what lies ahead for the world bank which is also under pressure to focus more on global public goods like climate change. earlier i spoke with stephanie siegel from the centre for strategic and intern ....
External liabilities. the country continues to be in the grips of soaring inflation as well as a shortage of essential commodities such as food and fuel, with one in three sri lankan families experiencing food insecurity. nikhil inamdar, bbc news, mumbai. later today the world bank s outgoing chief, david malpass, is due to address the media. he announced his resignation in february and will be stepping down at the end ofjune. the organisation will select a new president next month. ajay banga, the former chief executive of mastercard, is the most likely candidate following his nomination by the united states, the bank s largest shareholder. there has been a lot of discussion around what lies ahead for the world bank which is also under pressure to focus more on global public goods like climate change. earlier i spoke with stephanie siegel, from the centre for strategic and international studies, and she told me the world bank isn t the only multilateral development bank facing this so ....