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World Business Report: First broadcast 10/08/2022 14:32 GMT : US inflation eases following petrol price drop

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First broadcast 10/08/2022 14:32 GMT 

First broadcast 10/08/2022 14:32 GMT : US inflation eases following petrol price drop

US inflation eases following petrol price drop

BBC World Service - World Business Report, US inflation eases following petrol price drop

Inflation in the US eased in July after a drop in petrol prices

Prices in the US continued to rise last month, but a fall in petrol costs helped to ease the pace.

A fall in petrol prices in the US helped to ease the pace of price rises in July.  The Labor Department said the annual inflation rate, the pace at which prices rise, was 8.5% in July, down from June when it surged to 9.1%, the Labor Department said. Our North America Business Correspondent Michelle Fleury talks us through the figures.

The World Bank says Afghanistan is facing a food and debt crisis, one year since the Taliban regained power.

The US-based pizza delivery chain Domino's is pulling out of Italy after seven years in the country.  Celebrity chef, author and TV personality Gennaro Contaldo weighs up the pros and cons of Neapolitan pizza and American-style slices.

(Image: economic stimulus: six crisp $100 bills - stock photo. Credit: Getty Images)

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First broadcast 10/08/2022 14:32 GMT : US inflation eases following petrol price drop

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