- Tuesday, 18 October 2016
- News
UK CPI increased by 1.0%
The Consumer Prices Index (CPI) rose by 1.0% in the year to September 2016, compared with a 0.6% rise in the year to August. The rate in September 2016 was the highest since November 2014, when it was also 1.0%. The main upward contributors to change in the rate were rising prices for clothing, overnight hotel stays and motor fuels, and prices for gas, which were unchanged, having fallen a year ago. These upward pressures were partially offset by a fall in air fares and food prices.
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- Friday, 14 October 2016
- News
US Retail Sales up by 0.6%
Retail sales climbed in September by the most in three months, showing American shoppers began to spend freely again after shying away from merchants earlier in the quarter. The 0.6 percent advance followed a revised 0.2 percent decline in August, Commerce Department figures showed Friday. So-called core sales, used to calculate gross domestic product, rose a smaller-than-projected 0.1 percent. Years of increased hiring and a slow acceleration in worker pay have laid a foundation for steady household spending. While third-quarter purchases will probably fall short of the vigorous pace from April through June, the broad-based pickup across the retail spectrum shows household demand may be gathering pace.
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- Friday, 14 October 2016
- News
China's CPI at a four month high
Chinese consumer price growth reached a four-month high in September, while producer inflation rose for the first time since 2012, raising optimism that spare capacity in the economy was beginning to ease. The consumer price index (CPI) advanced 1.9% from a year ago, following a 1.3% increase in August, the National Bureau of Statistics reported Friday. A median estimate of economists forecast CPI inflation to improve to 1.6%. Compared to August, consumer inflation climbed 0.7%, following a 0.1% increase the prior month. Economists projected a 0.3% gain over the previous month.
Read more...- Thursday, 15 September 2016
- News
US PPI unchanged in August
U.S. producer prices were flat in August as the cost of energy products declined and trade services fell, but underlying producer inflation firmed. The Labor Department said on Thursday the unchanged reading in its producer price index for final demand followed a 0.4 percent drop in July. In the 12 months through August, the PPI was unchanged after decreasing 0.2 percent in July. Economists polled by Reuters had forecast the PPI nudging up 0.1 percent last month and gaining 0.1 percent from a year ago. Producer prices have been dampened by a strong dollar and cheaper oil. But some of the drag is easing with the dollar rally appearing to have peaked early this year and oil prices having pushed off multi-decade lows.
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