US inflation slows for the first time in months

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Inflation in the US was up 8.3% in April, down from a growth rate of 8.5% in March, hinting that the peak of inflation could be over. We get analysis from our business correspondent Michelle Fleury in New York. Shanghai is introducing new lockdown measures to try and halt the spread of coronavirus. Don Weinland is China business editor for The Economist, and describes the latest restrictions. Also in the programme, the BBC's Rahul Tandon reports on what happens to a country such as Ukraine when conflict means that cash stops flowing in normal ways. Plus, the global superstar Rihanna is launching her Fenty Beauty range of makeup in eight African countries, including Nigeria, South Africa and Botswana. Ruby Hammer set up an inclusive cosmetics brand in the UK, and tells us whether Rihanna's range is likely to catch on. (Picture: Supermarket shelves. Picture credit: Getty Images.)