Consumer price inflation based on the consumer price index (CPI) hit a 17-month high of 5.12 per cent year-on-year in December, showing a rising trend, partly due to the effect of a lower base in the wake of last year's demonetisation.
Consumer prices rose 3% on year in December, the Office for National Statistics said Tuesday, compared with a rise of 3.1% a month earlier.
"This, along with the solid retail sales report for the same month, supports our expectation for a March rate hike by the Fed", said Jennifer Lee, senior economist at BMO Capital Markets.
However, with the impact of the pound's drop falling out of the annual data, many economists expect a steady decline in inflation this year toward the Bank of England's target of 2 percent.
In the December review, RBI had increased its inflation forecast in the range 4.3-4.7 per cent in Q3 and Q4 from 4.2-4.6 percent estimated in the October review.
Inflation rose sharply in the wake of the June 2016 Brexit vote due to the record slump in sterling on the night of the referendum, which fed through to higher import costs.
CPIH, which the ONS are now using as their headline measure and which includes owner occupiers' housing costs, was 2.7% in December, down from 2.8% in November.
"Thomas Wells, manager of the Smith & Williamson Global Inflation-Linked Bond fund, added: "In terms of the UK's inflation outlook from here, the recent strengthening of the pound versus the dollar will help to mitigate inflationary pressure to some extent and should help to mean that, over 2018 as a whole, inflation will slowly begin to move back towards the Bank's target".
Food price inflation for rural areas stood at 5.08 per cent in December 2017 against 4.1 per cent in November and 4.35 per cent in December 2016.
Compared with November past year, outstanding price falls in last month included fresh vegetables, down by 6.4 percent; culture and entertainment, down by 1.3 percent; and furniture and household equipment, down by 1.1 percent. "These downward contributions were partially offset by prices for motor fuel, which increased between November and December 2017, having fallen a year ago".
It seems WhatsApp are doing all they can to help users spot spam messages and therefore reduce their chances of being duped. These spam messages trick the user into believing it is true and elicit sensitive banking and personal information.
Asked whether he would make sure it won't happen again, Trump said: "Well, we hope it won't happen again". The state also had problems last month when it reintroduced the Cold War-era warning siren tests.
Moreover, Waldron Ltd Partnership has 0.2% invested in Starbucks Corporation (NASDAQ:SBUX) for 13,466 shares. (NYSE:PBF). It fall, as 95 investors sold SBUX shares while 448 reduced holdings. 49 funds opened positions while 139 raised stakes.
MET EIREANN has issued a weather warning this morning as a polar air mass is set to bring extreme weather conditions to Ireland. A snow and ice warning is in place for these areas, with 2cm-6cm of snow expected over the hills and 1cm-2cm in lower levels.
As Deepika is all set for her big-screen role in Padmaavat , her latest photographs show her in very different yet tough role. With this move, Padmaavat becomes the first Indian film to have a global 3D IMAX release not in India but on a global.
Paisley sold 593 shares of the company's stock in a transaction dated Monday, November 6th. (NASDAQ:REIT) for 171,739 shares. Since August 7, 2017, it had 0 buys, and 6 insider sales for $4.14 million activity. (NASDAQ:REIT) for 554 shares.
Moreover, Grantham Mayo Van Otterloo And Ltd Liability Co has 0.02% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT). It worsened, as 43 investors sold GT shares while 145 reduced holdings. 47 funds opened positions while 148 raised stakes.
According to oddsmakers from online sports book Bovada.lv, the Wizards are 5-point home favorites to top the Bucks today. It was the Bucks' second win over the Wizards in the last 10 days, following a 110-103 victory January 6 in Milwaukee.
Catalyst Capital Advisors LLC's holdings in Philip Morris International were worth $755,000 as of its most recent SEC filing. Acropolis Investment Management LLC grew its position in Philip Morris International by 0.5% in the 2nd quarter. (NYSE:PM).
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