IIP grows by 8%; inflation by 5.2%

13 January, 2018, 05:07 | Author: Terri Saunders
  • RBI to cut rates 25 bps in Apr to signal lower lending rates BofAML

The Labor Department said Friday that the December increase in consumer prices followed a much bigger 0.4 percent jump in November and was the smallest advance since a similar 0.1 percent rise in October.

Core Inflation rose by 1.8%, beating expectations of only a 1.7% rise, the same as November - the Dollar rose and fell in volatile swings after the release of the contradictory data.

But they didn't change their projections for gradually raising interest rates, citing in part restrained inflation pressures, and they penciled in three rate increases for this year after raising the benchmark federal-funds rate to a range between 1.25% and 1.5% last year.

India's consumer price index (CPI) or retail inflation stood at 5.21% in the month of December 2017 - higher from 4.88% in November 2017 and 3.41% in the similar month of previous year. Eggs, vegetables and fruits became costlier, while inflation moderated for cereals and pulses. The so-called core PPI increased 0.4 percent in November.

But analysts drilling into details of the data note that inflation was accelerating in the final quarter of the year, which means the Fed may be right that the lack of price pressures earlier in 2017 was due to one-off factors. Food prices rose 0.2% after being unchanged for two straight months.

The Fed raised interest rates by 0.25% last month in its third hike of 2017, which left rates at their highest level since the financial crisis and the fall of Lehman Brothers.

OR physicians urge flu patients to call first due to overcrowding
The advice from Werker, Shahab and others is to stay home when you're sick, cough into your sleeve and always wash your hands. All three victims were over the age of 65 and had influenza A, said Tara Perkins, the Health District's director of nursing.


"We've been seeing stronger gains in core inflation, and I think there are good reasons to expect core inflation will be stronger this year as well", said Michael Pearce, senior USA economist at Capital Economics.

Consumer durables output grew 2.9 percent in November, against a contraction of (- 6.9 percent) in the month before, indicating a revival in demand.

Last month, gasoline prices fell 2.7 percent after rebounding 7.3 percent in November.

"At a very minimum, one can say that core CPI has convincingly stopped declining and is holding firm only a little beneath the Fed's 2 per cent inflation target", said Derek Holt, chief economist at Scotiabank. Fed policymakers have pencilled in three rate hikes in 2018 following three past year. In the same month a year ago, growth was 1.5 percent.

Meanwhile, despite reports of healthy sales from some stores during the holiday shopping season, department store sales declined 1.1 percent from the prior month, while sporting goods stores fell 1.6 percent. Manufacturing grew 10.2 per cent against 2.5 per cent in October.

In a major improvement, fifteen out of the twenty three industry groups in the manufacturing sector showed positive growth in November 2017.

Recommended:

  • Trump targets Hezbollah ahead of key Iran sanctions deadlines

    Trump targets Hezbollah ahead of key Iran sanctions deadlines

    That would have nearly certainly unraveled the agreement - and it may yet, since Mr. It therefore is more accurate to call these people "FAKE Iran deal opponents".
    What's Next For Julian Assange? Ecuador Gives Citizenship To Wikileaks Founder

    What's Next For Julian Assange? Ecuador Gives Citizenship To Wikileaks Founder

    Until the Foreign Office grants him the said immunity, it seems he would be holed up in the embassy for a long time. Assange later taunted after Lasso's loss that he would "cordially invite Lasso to leave Ecuador within 30 days".

    Trump calls Norway a 'great customer' in welcoming the PM

    And we're not going to let that happen. "I hope I'm wrong, but there's a war coming", Neller said, according to Military.com. During a news conference with Norwegian Prime Minister Erna Solberg , Trump said the fighter jets were delivered to Norway.
  • Playoff loss to Jaguars should end Tyrod Taylor era in Buffalo

    Playoff loss to Jaguars should end Tyrod Taylor era in Buffalo

    After ending a near-two decade playoff drought, the Buffalo Bills will be going home after the first weekend of the postseason. That's why we should all be behind this team if you have zero skin in the game.
    After LS, Triple Talaq Bill to be tabled in RS next week

    After LS, Triple Talaq Bill to be tabled in RS next week

    Hindu Marriage Act has stronger provisions: "for 2nd marriage jail term is up to 7 years under IPC Section 494". The women activists hailed the government's move to ban the practice triple talaq by terming it as a "start".
    Tottenham's new White Hart Lane stadium to host Raiders-Seahawks NFL game

    Tottenham's new White Hart Lane stadium to host Raiders-Seahawks NFL game

    The other two will take place at Wembley Stadium, English soccer's national stadium, on October 21 or 28. Those interested in attending any of the games can go to www.ticketmaster.com/nfl for information.
  • Trump cancels visit to Britain amid fears of mass protests

    Trump cancels visit to Britain amid fears of mass protests

    This week, Foreign Secretary Boris Johnson brushed off suggestions that a state visit to Britain by Mr Trump should be scrapped. Last month, the White House said it would announce details "soon" of Mr Trump's proposed visit to the UK.
    A Huge Mudslide Just Tore Through California. This Is The Aftermath

    A Huge Mudslide Just Tore Through California. This Is The Aftermath

    But county emergency manager Jeff Gater said officials decided not to use the cellphone push alert system until 3:50 a.m. Kagel Canyon resident Patricia Beckmann Wells told the Los Angeles Times she expects to be trapped in her neighborhood.
    Trump Suggests He Has 'Very Good Relationship' With North Korea's Kim

    Trump Suggests He Has 'Very Good Relationship' With North Korea's Kim

    While Trump has referred to Jong-un as " rocket man ", his rival had previously called him a "mentally deranged dotard ". Trump has in the past called Kim "short and fat" and "a bad dude". "Not helpful enough, but they have been very helpful.
  • German Social Democratic leaders beg members to back deal with Merkel

    German Social Democratic leaders beg members to back deal with Merkel

    Strengthen European Parliament and boost European Union's finances - Germany would be prepared to pay more into the EU budget. The SPD party base had to be mobilized, Bülow said, to "stop this grand coalition from within Social Democrats".
    'I was the victim': Kerrigan snaps over I, Tonya

    'I was the victim': Kerrigan snaps over I, Tonya

    February 1, 1994: Gillooly pleads guilty to racketeering in exchange for a 24-month sentence February 10, 1994: Harding sues U.S. She said she also didn't watch the Golden Globes , because she was in San Jose for the US national figure skating championships.
    Moneygram and Ripple Partner to speed up Transactions

    Moneygram and Ripple Partner to speed up Transactions

    MoneyGram will use XRP to speed up and reduce the cost of transferring money through the cryptocurrency's network xRapid . Global payments is a growing market, particularly with mobile solutions increasingly coming on board.


Popular

FCA To Invest $1B Into Warren Plant, Create 2500 Jobs
President Trump showered praises on Twitter saying, "More great news as a result of historical Tax Cuts and Reform". And it invested over $1 billion in a Toledo, Ohio plant to handle the completely redesigned 2018 Jeep Wrangler.

Karni Sena Protests Outside CBFC Office; 96 Arrests Made
The panel comprised four historians from Rajasthan, who Karni Sena claims, advised the CBFC against clearing the film. Starring Deepika Padukone , Ranveer Singh and Shahid Kapoor, Padmavat is all set to be released on 25 January.

Israel said cautiously backing expected USA aid cut to Palestinian refugee agency
The New York Times said that it has obtained audio recordings of Egyptian intelligence officer, Capt. Ashraf Al Kholi, urging TV hosts to promote a "quiet acceptance" of Trump's Jerusalem decision.

China's surging exports widen trade surplus with US
The world's second-largest economy reported strong overall trade data for 2017. Customs is expected to release dollar-denominated trade data later on Friday.

PM wages war on plastic in new environment plan
The organisation also questioned why such a 25-year timescale was necessary for eliminating "avoidable" plastic waste. By that time, we would have added, at the current rate, nearly another 300million tonnes of plastic to our oceans.

Moline location closed amid nationwide shut down of Sam's Club stores
Sam's Club is so far asking those reaching out to contact the company via private message on Twitter to resolve individual cases. Corona said he will still be working at the store until it closes on January 26, a requirement to receive his severance.

First Official Venom Film Image Confirms Villain
Sam Raimi experimented with this storyline in "Spider-Man 3", where Topher Grace played the movie's first iteration of Brock/Venom.

Prince William reveals Harry hasn't asked him to be best man yet
As Rachel Zane on Suits , Meghan was making more than $69,000 (£37,000) for each episode and her annual salary totalled $621,000 (£333,000).

Super Mario Odyssey DLC Introduces Luigi's Balloon World
But for those still enjoying their adventures with Cappy in Super Mario Odyssey , there's a little something for you as well. The new content will include a minigame-Luigi's Balloon World-hosted by Luigi, as well as new costumes and photo filters.

Voters Wary of Trump, Confident in Economy
The January 10 national poll found Trump is intelligent, but not fit or level-headed, US voters say; first year was "disaster", "chaotic", "successful".