vegassports-odds.com
vegassports-odds.com February 23, 2017


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.

Oroville Dam evacuation victims on their own, for now
Chris Orrock, spokesman for the Department of Water Resources, explained the two-part approach to repairs. That's something they aim to avoid by continuing the high-ouput release of the main spillway.

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.

When Is WWE WrestleMania 33? Date, Location & Start Time
A flawless example of this is Sasha Banks, who is now sporting a knee injury on television but still takes part in house shows. She might not actually return to TV until after Wrestlemania , though, as the card is packed enough as it is.

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

Warriors (47-9) roll into All-Star break
While the Kings shot just 39 percent from the field themselves, the three-point shot kept the game within one possession. He emerged from the Warriors' tunnel at the beginning of the second quarter and immediately entered the game.

Shah Rukh Khan to host TED Talks in Hindi!
TED conferences began selling out tickets and, in 2001, the non-profit Sapling Foundation, led by Chris Anderson, took over. TED Talks, the super-inspiring and super-influential talk series, is all set to come to India and in Hindi.

Terrence Ross participates in Orlando's Wednesday shootaround
Now with only Terrence Ross and a mid-20's draft pick to show for those three pieces, the move is unquestionably a disaster. Ibaka can fill the void left by Bismack Biyombo who also signed with Orlando last summer.

Tony Romo's Wife, Candice, Announces She's Pregnant with Couple's 3rd Child
His wife Candice announced on " THE TICKET " radio show Tuesday morning that they're expecting their third child in August. The newest addition to Team Romo will be an understudy to Hawkins, 4, and Rivers, 2.