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World Business Report: First broadcast 13/06/2023 14:32 GMT : US inflation continues to fall

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US inflation continues to fall

First broadcast 13/06/2023 14:32 GMT 

First broadcast 13/06/2023 14:32 GMT : US inflation continues to fall

BBC World Service - World Business Report, US inflation continues to fall

US inflation rises at its slowest pace since March 2021

In the United States, the most closely watched measure of inflation showed prices rose at the slowest annual pace since March 2021

The US Consumer Prices Index showed prices rose at the slowest annual pace since March 2021. Devina Gupta hears how the figures provide some encouraging news for the Federal Reserve at the start of its two day meeting to discuss interest rates.

The United Nations and Ukraine have warned of a huge impact on global food security following the destruction of the Kakhovka dam. The UN's aid chief, Martin Griffiths, told the BBC there was massive concern about the environmental destruction of what he called a breadbasket for the world.

The People’s Bank of China has lowered a short-term lending rate for the first time in 10 months to help restore market confidence and set a stalling post-pandemic recovery in the world's second-largest economy.

(Picture: A woman shopping in a supermarket in the Brooklyn borough of New York City. Source: Michael M. Santiago/Getty Images)

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First broadcast 13/06/2023 14:32 GMT : US inflation continues to fall

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