Consumer Prices Post Biggest Gain in 4 Years

Consumer Prices Post Biggest Gain in 4 Years”

There was also an upward effect from food, where prices were unchanged between December and January but had fallen by 0.6% between the same two months a year earlier.

The other price indices - the Producer Price Index and the Export-Import Price Indexes - showed relatively low rates of inflation.

Inflation in Britain rose at the fastest pace in over two-and-a-half-years in January, although slightly less than analysts had expected, as the cost of fuel and food increased markedly.

Despite the acceleration in both producer and consumer price inflation in January, Larry Hu, head of China economics at Macquarie Securities in Hong Kong, doesn't think that it will be enough to see the People's Bank of China (PBoC) tighten monetary policy settings in the near-term.

The pace of food deflation has eased off for four consecutive months.

The RBI projected inflation will remain below 5 per cent in the January-March quarter of this fiscal but hardening of global crude oil prices and volatility in exchange rates could put upside pressure in the next financial year.

US producer prices rose more than expected in January, recording their largest gain in four years amid increases in the cost of energy products and some services, but a strong dollar continued to keep underlying inflation tame.

Gorsuch nomination hearings start on March 20
Republicans refused to consider former President Barack Obama's nominee, Merrick Garland, insisting the voters should have a say. Supreme Court nominee Neil Gorsuch, but he walked away with concerns about the judge's candidacy for the high court.

Burger King leads Restaurants Brands to solid quarter
The stock is now moving above its 20-Day Simple Moving Average of 10.15% with the 50-Day Simple Moving Average of 10.15 percent. Huntington National Bank raised its position in shares of Restaurant Brands International by 46,600.0% in the second quarter.

Lakers Rank Second On Forbes 'Business of Basketball' List; Clippers Sixth
The Knicks posted an NBA-record operating profit of $141 million past year , despite a losing 32-50 season record. That's a 378 percent increase from 2011, when the average franchise was worth $369 million .

While the rate of price rise in sugar was 22.83 percent, for fibres it was 15.18 percent, and 25.44 percent for minerals.

"Retail sales seemed to have been boosted by higher prices rather than an increase in the real consumption", said Shin Kadota, senior forex strategist at Barclays.

Retailers face higher costs from imported goods, fuel and the national living wage, but are generally engrossed in price wars to win market share.

In separate figures also released Wednesday, the Commerce Department said a steep drop in auto sales weighed on the United States retail sector in January, putting downward pressure on overall sales for the month. Such costs rose close to 0.9 per cent last month compared to a fall in January 2016.

Factory-gate prices in the oil and gas extraction industry surged by 58.5 percent during the month, followed by a 38.4 percent gain in coal mining.

The Export-Import Price Indexes showed modest inflation that was driven predominantly by rising fuel and food prices. It is just a comment that CPI (consumer price index) excluding food and fuel has been hard to bring down.

Like this


17 February 2017
Trump to Appoint Billionaire Know-Nothing to Root Out 'Low-Life Leakers'
Previous reports have suggested that Trump's team is weighing a structural overhaul of some intelligence agencies. Trump's efforts to make the intelligence community fall in line are being backed by Congressional Republicans.

17 February 2017
PSA chief seeks talks with Merkel over Opel
Selling to PSA is a lower risk in that sense because the two companies already share some engine and chassis technology. Detroit-based GM has been trying to return its European business to profit.

16 February 2017
Rare Leptospirosis Cases in NYC: 5 Things to Know
City officials say the cases, occurring in the past two months, are the first such concentrated cluster. The bacteria enters the body through open cuts and wounds, or through the nose, eyes or mouth.