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World Business Report: First broadcast 10/05/2023 14:32 GMT : US inflation falls below 5% for first time in two years

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US inflation falls below 5% for first time in two years

First broadcast 10/05/2023 14:32 GMT 

First broadcast 10/05/2023 14:32 GMT : US inflation falls below 5% for first time in two years

BBC World Service - World Business Report, US inflation falls below 5% for first time in two years

: US inflation falls below 5%, this is the lowest in two years

Prices for milk, airline tickets and new cars fell in the US last month, helping drive inflation to its lowest rate in two years.

Will Bain is presenting and in the programme he is looking into the prices for milk, airline tickets and new cars fell in the US last month, helping drive inflation to its lowest rate in two years. Inflation, the pace at which prices rise, was 4.9% over the 12 months to April, official figures show.

Toyota, has announced better than expected full-year results in what analysts say is a sign that supply chain disruptions for the industry may be easing as Toyota’s new chief executive Koji Sato has promised to accelerate its electric vehicle push in China.

Sudan war is threatening to an important global ingredient, Gum Arabic, which is in almost everything - making the gloss on magazine pages, the froth on beer, binds in ice cream and fizzy drinks - even makes cosmetics and roll up of cigarette papers stick.

(A shopper looks over a selection of vegetables April 30, 2023 at the Tops Super Market in Greenville, New York. Source: Robert Nickelsberg/Getty Images)

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First broadcast 10/05/2023 14:32 GMT : US inflation falls below 5% for first time in two years

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