CPI or retail inflation, as it is better known, is an indicator of consumer prices and had shot up to a 17-month high of 5.21 per cent in December. That was the largest increase since January 2017 and followed a 0.2 percent rise in December. Excluding volatile food and energy costs, the so-called core gauge increased 0.3 percent, also above forecasts for 0.2 percent.
The RLA argues that today's figures show that calls by many in the Labour Party and elsewhere for rents to be linked to inflation would leave many tenants worse off.
"We doubt a weaker inflation print would result in much selling of the pound". Many other sectors too experienced a reduction in prices giving a relief to the customers.
The Retail Prices Index (RPI), a separate measure of inflation, edged lower to 4.0% last month from 4.1% in December.
The fairly strong inflation report from the Labor Department on Wednesday put more pressure on US financial markets, which were spooked by a surge in annual wage growth in January.
Inflation in vegetables slowed to 26.97% as against 29.13% in December while that in fruits eased to 6.24% from 6.63% in December.
"The IIP growth in December was mainly on account of uptick in manufacturing sector which constitutes 77.63 per cent of the index", the data released by the Central Statistics Office (CSO) showed, adding that it also grew by 8.4 per cent during the month as compared to just 0.6 per cent in December 2016.
The trio at Edelweiss further said that November 2017 IIP stood at near 5-year high. BoE policymakers have pointed to rising wages as a possible reason to increase rates, although headline data still shows average growth in weekly earnings well below the rate of inflation, squeezing on living standards.
Inflation figures for a big economic data point came out higher than anticipated Wednesday morning, causing stock futures to run in the negative before the opening bell. Inflation rose 2.1 percent from a year earlier and core prices increased 1.8 percent.
The Reserve Bank of India (RBI) last week kept interest rates unchanged and raised its March quarter CPI inflation forecast to 5.1 per cent. Auto insurance prices rose 1.3 percent, the most since 2001. The CPI rose 0.2 per cent in December. The rate was expected to fall moderately to 3 percent.
What are they saying?: "This is a classic inflation scare", said Michael Arone, chief investment strategist of State Street Global Advisors, before the CPI report was issued. "While bottom line is expected to see around 14-15% growth on YoY basis, the growth is likely to be driven by sectors such as Automobiles, Metals, Air Transport Service, Consumer Staples etc".
Virginia was the top overall seed in preliminary NCAA Tournament rankings released on Sunday, a day after losing to the Hokies. John's and Purdue to Ohio State and Michigan State, Sunday's seedings included only the top 16 and bracketed them by region.
Australia captain David Warner credited the Big Bash League for his team's dominance in the shortest form of the game. However, that brought the in-form Glenn Maxwell in the middle who continued the good work done by Lynn.
Arsenal now sit sixth in the Premier League standings after 26 games and trail leaders Manchester City by 24 points. He signed a two-year extension last year but a disappointing campaign this season could see him dismissed.
Their sweeping tax overhaul bill approved in December will add an estimated $1.5 trillion to the national debt over 10 years. Paul's protest forced Congress to miss a midnight deadline for passing a funding measure to keep the government operating.
The hosts got off to a flying start when Robert Lewandowski scored for the 11th successive home game, in the sixth minute. Chelsea loanee Batshuayi converted Christian Pulisic's cross from close range as Dortmund beat Hamburg to remain third.
He has also yet to unambiguously acknowledge that Russian Federation interfered in the election to get him elected. The Washington Post previously reported that computer systems in IL and Arizona were both successfully penetrated.
About 200 remaining Purdue salespeople will focus on promoting the company's drug to treat opioid-induced constipation, Symproic. He said Purdue's decision is helpful, but it won't make a major difference unless other opioid drug companies do the same.
Even though he had more wins, he had a different schedule than her and had many more opportunities and different risk tolerance". Sofia Goggia is going into her first Winter Olympics with the aim of stealing the show from American superstar Lindsey Vonn .
Corpus Christi police responded to the 1200 block of Cambridge Drive, near Ray High School, just after 7 p.m., police Lt. The suspect, 28-year-old Marco Antonio Moreno, immediately surrendered to congregants after the stabbing, Hooper said.
The project is still in very early stages of development, and not much is known about it, other than the fact that it exists. The app is now only being offered to Android users as part of a test, which select people have been invited to.
"There's pretty clear evidence that the Russians meddled". "Whether Russia affected the outcome is another question", Bush said . He was sentenced to a decade in prison but served less than two years after a judge reduced his sentence.
QUALCOMM Incorporated (NASDAQ: QCOM ) share price swings at $64.40 with percentage change of 4.33% in most recent trading session. The collective rating of 2.5 for QUALCOMM Incorporated (NASDAQ:QCOM) also leans strongly towards the neutral end of the spectrum.
Here's why you might want to linger over lunch to lose weight
Experts said that people who ate quickly did not allow time for the brain to read cues from the gut that it was no longer empty. Reducing the eating speed also seems to act as a protective factor against non-communicable disease like type 2 diabetes .
Chris Mazdzer wins Olympic silver
The best the US had ever done in the Olympic event was fourth-place finishes by Tony Benshoof in 2006 and Adam Heidt in 2002. Then, when he needed it most, Mazdzer delivered in his fourth run.
Trudeau says his trade message is being heard in the US
Trudeau indicated his government was in no rush to deal with amnesty ahead of when the new legal cannabis regime takes effect. Trudeau promoted his country's fast-track employment permit for certain workers, dubbed the "global skills strategy visa".
NI Weather: Warning for heavy rain then snow and ice
The Status Yellow rain warning applies to Connacht, Cavan, Monaghan and Donegal for 24 hours to Just before midnight Saturday. THE COUNTRY IS facing a wet and windy weekend, as Met Éireann has issued three separate weather warnings.
Battery Health Settings Now Live
From there, go to General Software Update and you should see the build ready for download. If you're a member of Apple's public beta testing group, then you're in for a treat.
Jameer Nelson is available to play for the Pistons on Friday
The Pistons acquired James Ennis from the Memphis Grizzlies on Thursday for Brice Johnson and a 2022 second-round draft pick. The Los Angeles Clippers originally traded Reed to the Pistons in the recent deal that also sent Blake Griffin to Detroit .
Dow Falls More Than 1000 Points, Enters Correction Territory
The market is still trying to find its footing after Monday's huge meltdown, when the Dow fell 1,175 points - a one-day record . Traders rushed to the safety of the Treasury amidst the sell-off stocks , with the ten-year yield at 2.72% down 12 basis point.
Martin Schulz: I won't be German foreign minister
A Forsa poll had indicated that nearly three-quarters of Germans thought it would be wrong for Schulz to become foreign minister. A party meeting in January narrowly approved talks with Merkel's Christian Democratic-led bloc, laying bare the divisions.
De Villiers back for last three ODIs against India
Where is the India vs South Africa 4th ODI? "I experienced that today, and that was an fantastic feeling", he added. Umpire Ian Gould had to overturn his decision when an ultra-edge replay showed a spike as the ball passed the bat.