vegassports-odds.com
vegassports-odds.com June 20, 2018


Inflation jumps to two-year high of 1.8 per cent

16 February 2017, 01:30 | Winifred Adams

Inflation jumps to two-year high of 1.8 per cent

There was upward pressure on the annual inflation rate from rising prices for motor fuels and to a lesser extent food prices which were unchanged this year having fallen in January 2016. "The Bank of England's now neutral stance is significantly supported by its latest estimate about the amount of spare capacity in the economy, however if the path of CPI is stronger than it now estimates, we may eventually see a stronger reaction from the central bank".

At a more granular level rising costs are beginning to alarm importers.

However, expenses on primary articles, which constitute 20.12 per cent of the WPI's total weight, rose by 1.27 per cent during January.

The recent uptick in wholesale prices, just like the big decline in 2015, has been exaggerated by a rebound in the cost of oil.

The cost of medical care rose 0.2 percent, with the prices for hospital services and prescription medicine both increasing 0.3 percent. This was the first fall in six months and matched economists' expectations.

It seems it would take hard evidence to prove that the global supply of crude oil is dwindling enough to motivate a higher price for the commodity.

Trump adviser Miller says new executive orders on illegal immigration an 'option'
Flynn's departure at least gives Trump a fresh chance to clean house with a more establishment-friendly national security adviser. Aides were unaware of whether Trump raised the matter with Flynn personally, or if he had spoken about it already with Pence.

LeBron James leads Cleveland Cavaliers to victory
Wiggins often saves some of his best performances for the Cavs, and scored 41 points on this night. He is also attempting to do it while playing a insane number of minutes.

John Smedley Opens Amazon Game Studio in San Diego
But Smedley confirmed to VentureBeat that several members from that team will be joining him at AGS, which now numbers 14 people. At last September's TwitchCon, the first three titles under the Amazon Games Studios banner were revealed.

Country's annual retail inflation eased to 3.17 per cent in January from 3.41 per cent in December and 5.69 per cent reported during the corresponding period a year ago, official data showed on Monday.

Prices started to pick up following the Bank of England's decision to cut interest rates in the aftermath of the UK's vote to leave the European Union, and the fall in the value of the pound.

On the wholesale price front, the acceleration in January was driven by higher input costs (non-food primary articles, minerals, fuel, basic metals), which more than offset the tepid food inflation reading (barring sugar) caused by demonetisation, said Nomura's Sonal Varma. Survey data show United Kingdom manufacturers' costs rising in January at the steepest rate in 25 years' of data collection.

Headline inflation has been under 4 percent since November, well below the RBI's 5 percent target for March and medium-term target of 4 percent.

The Labor Department said its producer price index jumped 0.6% on a seasonally adjusted basis in January.

Commenting on the latest inflation figures, Frances O'Grady, general secretary of the TUC, Britain's main trade union organization, said: "The last thing working people need is another pay squeeze". The figures add further to evidence that a sustained period of deflation of food prices since mid-2014 is coming to an end.



Other News

Trending Now

Andrew Teich to Retire as FLIR Systems President, CEO
The firm had revenue of $405.20 million for the quarter, compared to analysts' expectations of $161.36 million. However the company observed 52 week high price on 02/14/17 and witnessed 52 week low price on 10/17/16.

Support CETA to boost trade
International Trade Minister Francois-Philippe Champagne said the deal was "good for workers, consumers and a new standard for trade".

Emily Ratajkowski Comes To Melania Trump's Defense!
Meanwhile, the situation prompted Trump, who has sued outlets including the Daily Mail for the publishing the rumor, to tweet herself.

Caf warns Cosafa over planned meeting
It is a personal matter. for my birthday, my family and I do this yearly without fail. We have to be more open, more transparent and inclusive in Caf".