for may show and station came down home was one percentage points from april, still well above the target of 2.9 percent for 2020, for the price of food recorded and especially big rise. while the increase in the costs of fuel was much more modest, economists say it could be months before consumers experienced any meaningful reduction in their bills. to talk more about this, i'm going to advise all star by senior fellow at google a european think time that specializes in economics. professor diverse, the headline on this is that inflation is down to as low as level. in fact, since russia innovated ukraine, but consumers will still paying 12 percent more for their food than they were a year ago. why is that figure so strongly high the global markets are relatively tied. it was boxley fueled by

higher energy prices. also, there were some mutations seen in ukrainian and russian exports related to the floor. so that was a messy, the increase in food prices and deeds continue to burst east on the quantity you know, and then to price out in the forwarding. and it's helping also your customers. i want to ask you more about those of folding energy prices. so do you think this is a sign that europe's efforts to win itself all russian energy have worked? as i see, the answer is yes. energy prices now are much lower than these are before the start to do for the you impose a price get on russian oil. so the russian revenues from selling oil even lower now. and you know, at the same time this splitting single successful in keeping russian supply in global markets. so there is no sort shortage of all from energy,

even though that countries from time to time cut their production. and they also have to say that the monthly dot reaction, especially for gas, was a very important factor, which also contributes a little over guess, processing the heat, okay. even, you know, many people we looking at this and wondering, does this mean that the european central bank might hold off on raising interest rates? what do you think? i seem to utilize your center meant to continue to increase interest rates. partly because, according play shown, which is a measure of inflation beach excludes with a tie, an agent approved for prizes, steel to be high at 5.3 percent. it's a little bit lower than last miles, but still the above the utah central bank, super some target. and at the same time domain, you don't get a central bank that presents rate. you still just sweep seeing the quarter percent

so much over then the according relation at also lower than expected inflation. so i think you will see quite the number of interest rate increases from gdcp about target of just over 2 percent for next year. how feasible do you think it is that will get there for inflation? i mean, this year, so $22023.00 police time you likely to get to to get higher. now the main question, once that happened in 2024 and the particular vendor or the kind of the forwarding energy prices, you have now the opposite effect. then in fact, you've had intended to be closing 2022. high energy price increases will start over at inflation. now, the big question, how much to forwarding an enterprise is viewed bring down inflation. but my fear is that uh, the impact would be like if you limited, partly because the euro past central bank is still not really tied. i mean

a sweet stay on a quarter person. that was the 3 disappeared come up, you didn't go deeper. steel c or the v cheese and price are increasing much faster than inflation also. but the see not you said growing vh pressure, liberty, india, and send and other negotiators, the street grease beach grows. so i think that reaching the, i mean as organization 2024 i think is you're not the easy. so i expect the continued rate increases from the u. s. central bank for a number of times. all right, so it's our senior fellow at frugal. thank you very much. thank you. india is multi plan to have the import tax on solar panels of demand for green energy sources increases solar power currently makes of over half of the countries and renewable energy i plus foot operators, housing, experiencing a sort full in the supply of domestic components in 2021,

india and forces more than $3000000000.00 worth of solar panels. the overwhelming majority of which came from china for more in this speaking cross night to dw, correspond, entire carts k in delhi. charlie who stands to benefit most from this plan to what date, i mean, uh, these plans uh seem to be designed to help in so right. companies have been dealing with the salters of these panels in solar cells. uh, but yes, they will end up benefiting chinese exporters, largely because these mesa is in any case in the 1st place, they were taken to discourage chinese imports. now there are reports that suggest that india and voted solar panels with $3000000000.22 and more than 90 percent of it came from china. so once these measures are back in place and import, once again the big so been chinese export as us when allows the benefit from this

solar panels continue to be high in demand in india. and domestic manufacturing has just not been able to catch up with that demand. yeah, a lot question of domestic manufacturing. do you think this is a fine then that india is aimed to become more self sufficient in renewables hasn't worked. yeah, yeah, that does seem to be the case and then sort of manufacturers have been asking for these kind of tax breaks for months now because domestic manufacturing has just not been able to keep up with the demand. uh, there are some reports that suggest that in data target to install 100 gigawatts of solar energy last year. but i saw a report that was that claim that what didn't get with the chief was only $63.00 gigawatts. so there's a big shortage. the prices of sort of balance of cents have gone up exponentially since these taxes were imposed. uh, and which further looked at the slight and domestic manufacturing. so yes, that that's set for lines program has indeed slowed down,

which has probably linked to these steps being contemplated. overall, how far would you say india has come in switching to renewables, especially compared to other countries as well. i think that progress has been good and you have recently announced a target of 500. you go what sofa installed renewable energy by 2030. people say it's an ambitious target, but then the ripples that india is already at the 4th position globally in terms of total renewable power capacity. addition to the non fossil fuel to capacity here is believe to be somewhere around $180.00 gigawatts, which is about 43 percent of the country's total capacity. that's, that's a good number. that puts indiana in a good state. and especially given the fact that it's, it's a country of the size that we're talking about, which has had a long historical and a very vast, comprehensive dependence on good. yep. so, i mean, the, the reports so far seem to be good. good. okay. if i take you there,

tara carts k in delhi, thank you very much. i or is deposed on the snow, where fossil fuel is still a kind of for the vast majority of the countries energy mix. the government wants to change stuff is embarking on a major investment in nuclear energy construction on to look on the power plants is due to begin in the coming years. our report and logic, we're dean's got travel to the country to find that war. poland is transitioning from coal energy to nuclear power. the fossil fuel accounts for around 70 percent of poland, energy production, and a huge chunk of the country's carbon emissions to nuclear power plants are planned to help change that. and then get to get back to what was by 204075 percent of our energy mix will consist of the carbonized sources and stuff around the house of it . so it just, it will come from renewable sources and that'll get to the quarter from nuclear and

our biggest, always registrations profoundly. the remaining 25 percent will come from gas and calls guys will ease of a loss of beach at the baltic. sea is where construction for the 2 large nuclear power plants will begin in 2026. the 1st core block will be connected to the grid in 2034. but there's resistance from anti nuclear energy activists who want to block the construction that uses it, in my opinion, this location is a least suitable for building a nuclear power plant. because of nature, sort of generally, i'm not against building nuclear power plants use um, but this site is extremely poorly chosen. a new size boxes. you should have a problem just 30 kilometers away, like these ruins from the eighty's out of sight were poland. first nuclear power plant was originally planned. the project was discontinued after the tour,

noble disaster. but there's been a major shift. some 86 percent of polls are now in favor of nuclear power due to the environmental concerns and rising electricity costs. the super we should have nuclear power plants. it's the cleanest source of energy except for the sun. when i put them right, i'm in favor of building nuclear power plants in poland. that goes, it's a good transition of solution to renewables such up to a 1000 and use the unfortunately it's a necessity to have nuclear energy this and it's not just the 2 nuclear power plants planned polish oil refinery. orlan is planning to build 7 additional mini reactors. 12 volts isn't that? so there's growing interest from being doctoral sector, which also needs a stable emissions free power supply. and i'm here with small, no jewelry reactors out there. capital. you know what? all these things when they send that will there's

a simple reason for the over whelming support for nuclear power in poland. it's the only chance to transition quickly from fossil fuels that rastafari shows. thank you so much for watching from where you can always check w dot com slash business. we're on the dw news youtube channel as well. we have a whole host of videos for you to choose from there, from me on the entire business team here in portland. it's 5. take the,

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