US inflation falls from June heights
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Description
There's minor relief for American consumers after inflation slowed from 9.1% in June to 8.5% in July. The lower-than-expected figure is mainly due to decreasing fuel costs. Although prices are still running relatively high, President Joe Biden says it's a sign his economic strategy is working. Randall Kroszner, a former governor of the Federal Reserve Board, tells us what it means for the world's biggest economy. A year on from the Taliban's takeover of Afghanistan, several prominent economists, including Nobel Prize winner Joseph Stiglitz, are calling for funds to the country to be freed. He tells us why. Ed Butler speaks to the London company fighting to protect people's data privacy rights online. We also hear why seaweed is causing some unpleasant problems in Sierra Leone. Throughout the programme, Business Matters is joined by two guests on opposite sides of the world: Paddy Hirsch, contributing editor at NPR in Los Angeles; and Stella Bangura, a TV presenter in Sierra Leone. (Picture: Shopping for potatoes in California. Credit: Getty Images.)
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