also on our show, in his growing footwear market means more ways on the back end. we'll look at a business take, taking a more sustainable approach. welcome to the show inflation. the euro zone remained almost unchanged at 8 and a half percent for the 12 month period leading to february. it's late assigned that rising prices in europe are sticky or refusing to go down quickly. the latest data and initial reading shows that inflation pressures are almost unchanged from last month. when the reading sort of 8.6 percent. analysts had been predicting a bit more relief earlier this week. inflation indicators in germany, france, and spain all came in higher than expected. putting more pressure on the european central bank to raise borrowing rates of u. k is also struggled with inflation of the past year in large part because of energy costs, the same driver of inflation in the u. but other factors including brags and a stand off between suppliers and grocers, has created something more alarming and recent weeks. visible food shortages take

a look not much here, empty boxes, a handful of tomatoes, a few cucumbers enough to make a salad, but certainly not enough for all the salads. people in this london neighbourhood wanted to make stores half put, buying limits on fresh groceries. it's a problem for families and for restaurants, the shortage, it makes us to change from the model based to wide base sources. because we'll, can we the we, we have to make a profit. while that, whether in spain and morocco has affected their salad exports, u. k, farmers are not able to make up for the shortfall. that's because of high energy prices and traditionally low food prices that cut their margins. we were talking about this the song last year and i think nothing was being heard very much. assigning because now you're saying empty shows that i'm yeah, we're talking about again, even worse, there is no end in sight. more shortages are expected. performers have not been

buying plants and planting the moral chips so that they will be a shorter to that point because they can't afford to, they're not getting the price empty shelf. so something rich may have to get used to kind of, i thought his head of forecasting at the center for economics and business research in london. he joins us from his home in germany. hi, thank you for coming on to the show. you know, energy costs have been high across europe. why isn't the continent seeing the same shortages as the u. k? seeing right now. yeah, that's come to the right. you mentioned a few common factors here. the high energy prices that are, do, you know, energy in natural gas, in particular, is also needed for the production of her to life. so that's a common factor and you would expect, you know, promise all across europe to be exposed to that you suffer from that, but you case suffering in particular, maybe because of breakfast related factors. so on the one hand,

you have no food reduction in the you k because susan workers comp coming to the country as easily because freedom of movement has gone with rex. it's, there's also a change in the system, all subsidies that are being played out because the u. k is moving out, we use common agricultural policy. so there's a few kind of breaks that and you case, specific factors are placed here. to what extent was this visible as it approached, there was one grower in the piece we just saw it was that hey, the same thing was going on last year. we just didn't see the shortages. is this something that should have been seen coming? yeah, exactly. you know, the industry, growers, and farmers have want about that and maybe better for you to the government that food security cannot be taking it as granted that the needs to be quality support especially, you know, the lack of even the workers are going to be harder that's something that you could really the already that this was going to be an issue. and i guess in the past

years, increase in courts have capitol, electric domestic production in the u. k. and you know, while i was applying for abundance, weather conditions were good for growers in spain and the north africa and the bird flu is one of the key factor that has not you know, had such a huge impact of having now you know, the situation with the manageable but now with a lot of shops coming to you, repeat agriculture and markets breakfast, revealing the weaknesses and u. k. u. k. policy makers, me to step up. at the same time, groceries have been loath to pay suppliers more as they compete for market share against one another. are higher prices. one of the clear ways out of this to encourage more growing as well, higher prices that households are gonna have to bear. yes, that would be one of the market solutions clearly, you know,

no growers get the pricing. no, that is a work to plan more. you know, that is, that is a strong, you know, in incentive to rental production, domestic to you as well. but there still, you know, the limited line size on the labor supply is an issue. you can get people to pick the fruit and batch, you know, also higher prices are not really helping, at least not in the short term. you know, it would need for a long period so that you could pay higher wages so that it's worthwhile people to come here. so it's going to take a while to think of is to sell out. and a lot of the suppliers use that kind of in the market to reduce volatility. you don't want to know prices going up and down a lot. so it's going to be interesting to see how quickly they can settle. all right, that's kind of i thought with the center for economics and business research. thank you. thanks for having with shifting gears

a bit. india's growth flowed between october and december. the world's largest democracy only growing 4.4 percent year on year in the 3rd quarter of its fiscal year. that's a significant drop from the previous quarter. the result showed contractions both manufacturing and private consumption. despite the drop off india central bank is still expected to raise borrowing rates again. it's lifted them by 2 and a half percentage points since last year was going to choke our to k in delhi, charo from rino to s a p. we've seen that more multi nationals are looking to india for strong and safe growth these days. these new figures, especially the falling private consumption that we're seeing. does that take some of the shine off the countries economy? well, steven, it does because it means the economy. it's been a real bad picture about the economy. 4.4 percent growth. some said these are unexpected lines, but some economists are saying that these are not really not at all unexpected lines. and what's making these figures look worse,

is that what the statistics department, the federal government has done, is that it has revised the group estimates for the previous 3 financial years as well, and the it, and department advised them upwards. so these figures are looking even worse, but irrespective of whichever way you try to interpret this trade data, you cannot deny the fact that manufacturing is showing a contraction. you cannot deny the fact that there's weaker consumption demand. government expenditure was also very low. so overall, a growth momentum appears to be slowing. that seems to be the verdict. in this goal is 7 percent growth. at the end of this fiscal year it has one more quarter to go. it will have to pull off growth of over 5 percent, and that's despite rising interest rates. central bank expect it to still a hike up. interest rates. is that realistic is called percent growth, which we should say is well above what other major economies are aiming for? well, yes, isn't that part of the, of the expectations is correct. ok, that's how the situation stanton ya,

is still among the fastest growing economies of the world. and irrespective of whether it meets the 70 percent prediction or not, it is likely to be a remain at that spot. but then that doesn't say much about the situation at hand here in the country. ah, you're right about the interest rates they've been rising and the i b a has been hawkiss. it has been raising interest rates for 6 sir, consecutive o quarters now, and in spite of that it has not been able to get a better handle of inflation. so rising prices have brute have proven such a damper that there's, that consumption is just falling. and unless consumption rises, how do you expect to meet the 5 percent mark curve for, for one quarter? and that's for you what economists are worried about at this point of time. steven . alright, my colleague charo cartucker in delhi, thank you very much for staying in india. it's the 2nd largest global producer of footwear, after china, manufacturing $2000000000.00 pairs a years a year rather involving hundreds of production stages to consume energy also drive

from burning coal, such as this waste the production process itself, places a huge burden on the environment. st site cobblers have long been a fixture of city life in india, their small shops, dutch residential neighborhoods and markets, part of a traditional repair and we use economy that extends to shelf life of shoes. it's a sustainable approach, but it's on the decline in the as economic growth has opened up new opportunities for the marginalized communities that long pursued this profession. it's also given consumers greater foot where choices and money to spend on them. to day, the massive foot winder st. john's out products made predominantly of synthetic materials. they're harder to repair and recycle and often end their life dumped in the environment. to former athletes from delhi began looking for a way forward and started a social enterprise that uses part of its profits to provide shoes to people who

can't afford them. being there no very close to shoes running, renewed our doodle every 34 months we of gender so. so that's where we thought, or let's go deeper into it our research and found that there are $50000000.00 choose which will to learn who the teacher. and at the same time, there people who are walking barefoot. so this is a clear connect whether if you start repairing the shoes, if you start up cycling the shoes, we can of rwanda from going to landfills and give it to someone who requires it. green. so it has set up a large network of collection centers across india where people can donate unwanted footwear thousands of old or damage shoes. slippers and sandals are then processed for up cycling. the entire process is done by hand transforming the separated parts into function of footwear. proceeds from sales have helped provide more than $500000.00 fairs of footwear to school children in rural areas. another company is

turning footwear production to cut the wall loom of junk in the environment. more by based start up by dogs, makes shoes from discarded, tire tubes, court and fabric. this as you're seeing right now, is that directly from the dial from the goddard diadem that usually ends up in the landfill. this is the upgraded version which also ensures the finance. this is a mixture of or die or with some other elements that i did executable. unsustainably, by definition, are truly sustainable shoe needs to be durable, made from non polluting or recyclable material. and it should be manufactured with renewable energy sources. but experts say the best way to minimize foot, where's ecological footprint is for consumers to buy less and prolong the lives of the shoes. the already have his reminder of our top business story.

inflation in the year zone remained almost unchanged at 8 and a half percent for the 12 month period leading to february, laid aside that rising prices in europe are sticky or refusing to budge quickly. or that's our show more check us out online. d w dot com slash business watch with with

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