Austin Hughes
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Podcast Appearances
Meat is still up 11%.
Fish jumped to 3.9%.
You're looking at milk, 6.7% up.
Fruit and veg, 4%.
Fruit is up 4%, sorry.
Vegetables, if you're eating your greens, the news is a little bit better, just up 0.7% against 1.4%.
And even chocolate lovers might take a little bit of comfort that it's only up 8.9%.
against 13% last time round.
But by and large, you know, there's a lot of pressure.
There was also a jump in the October number because last year the government cut university fees by 1,000, this year by 500.
So that technical element.
But by and large, as I say, there is a sense there that living costs are still rising and at a rate that's uncomfortable for many households here.
That's it.
We've already heard warnings from Isabel Schnabel, one of the German members of the board in Frankfurt, saying that she thought inflation risks were now a little bit on the upside.
And by and large, the message coming out of the ECB is,
in recent weeks has been, that's it, folks, in terms of interest rate cuts, unless we see some dramatic deterioration in the economy or some real pressures towards lower inflation, which
Doesn't look likely at the moment.
They might be a little bit afraid of the number, but the reality is the government shutdown meant that they couldn't calculate the index.
It was due out yesterday and, like most other official releases in the States, just has failed to materialise.
There's a lot of talk, some of it informed, some of it not surprising in the US all-around conspiracy that the government doesn't want to publish this and it is going to