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Business Matters: US inflation slows for the first time in months

US makes biggest interest rate rise for 22 years

12/05/2022 GMT

US inflation slows for the first time in months

BBC World Service - Business Matters, US inflation slows for the first time in months

Prices were up 8.3% in April, down from a growth rate of 8.5% in March.

Inflation in the US was up 8.3% in April, down from a growth rate of 8.5% in March, hinting that the peak of inflation could be over. We get analysis from our business correspondent Michelle Fleury in New York.
Shanghai is introducing new lockdown measures to try and halt the spread of coronavirus. Don Weinland is China business editor for The Economist, and describes the latest restrictions.
Also in the programme, the BBC's Rahul Tandon reports on what happens to a country such as Ukraine when conflict means that cash stops flowing in normal ways.
Remittances to low- and middle-income countries will slow down this year because of the war in Ukraine. That's according to a report from the World Bank. We speak to its lead author Dilip Ratha about the consequences. 
Spain is expected to become the first Western country to introduce menstrual leave, giving women who suffer from painful periods up to three days off per month. Chloe Caldwell, author of menstrual memoir The Red Zone: A Love Story, tells us why she welcomes Spain's decision.  

Alex Ritson is joined throughout the programme by Ralph Silva of Silva Research Network in Toronto in Canada, and Sushma Ramachandran, business journalist for the Tribune, who's in Delhi, India.

(Picture: Supermarket shelves. Picture credit: Getty Images.)

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