This is CBS Eye on the World.

Here's John Batchler.

Inflation, inflation at the supermarket.

The most severe IC right now within the orbit of the United States is in the United Kingdom,

London Times reported.

Food inflation has fallen for the first time in almost two years as lower energy and

commodity costs filter through to some staples including milk, butter and fruit.

Food inflation fell to 15.4% this month from 15.7 in April, according to figures from

the British retail consortium.

15.4 is better than 15.7 in what universe for food inflation?

I welcome Joseph Sternberg.

Remember the editorial board of the Wall Street Journal?

It's importantly a shopper at these prices, falling prices in the United Kingdom.

He writes politically economics for the Wall Street Journal, his column.

Joe, I had no idea it had gotten this far out of whack for at the supermarket that you

been shopping at very carefully for the last years.

I also learned, however, that your prime minister has an answer.

At first I thought this was a send-up, but here it is.

Rishi Sunaak has been warned his plan for 1970's style price caps will lead to food shortages

amid a backlash from cabinet ministers.

Downing Street is planning to ask retailers to agree to, quote,

maximum prices for some basic goods such as bread and milk in an effort to lower food

...