Published: Wed, January 17, 2018
Economy | By Shawn Conner

CPI up 0.1% in Dec, 2017 inflation 0.4%

CPI up 0.1% in Dec, 2017 inflation 0.4%

On a month-on-month basis, the bureau stated that the Headline Index increased by 0.59 per cent in December 2017, 0.19 per cent points higher from the rate of 0.78 per cent recorded in November.

The ONS says that following a steady increase from late 2015, since April 2017 the CPIH rate has levelled off, ranging between 2.6% and 2.8%.

United Kingdom inflation slowed for the first time in six months in December, on air fares and recreational goods costs, official data showed Tuesday.

While the ONS said it was too early to tell if inflation has peaked at 3.1%, Hargreaves Lansdown's senior economist Ben Brettell, is expecting the rate to fall in the next year.

9 killed in clashes near Tripoli airport
The GNA said the attack had "endangered the lives of passengers, affected aviation safety and terrorized residents". The Tripoli factions sometimes clash in turf battles or over killings or detentions of their members.

Whether the fall in inflation is enough for households to feel a difference is up for debate.

Data released by the Department of Industrial Policy and Promotion (DIPP) on Monday showed wholesale food inflation decelerated to 4.72% in December from 6.06% a month ago, while fuel inflation accelerated to 9.16% against 8.82% during the same period.

The drop of 0.53 percent points recorded in December makes it the eleventh consecutive slowdown in the inflation rate.

Samuel Tombs, Pantheon Macroeconomics chief United Kingdom economist, has pencilled in an even steeper fall for inflation at 2.9%, predicting supermarkets will duck the chance to push prices even higher in December. In fact, taking goods prices separately from services, inflation at 3.4% is higher than it's been for more than five years.

Phil Murphy sworn in, replaces Chris Christie as NJ governor
Murphy said for too long, too much has been done by politicians in New Jersey for the short-term and only out of self-interest. Murphy, who like Kennedy grew up in MA , also served several years under the Obama administration as ambassador to Germany.

The British Retail Consortium's (BRC) head of retail insight and analytics Rachel Lund added: "We are likely to continue to see inflation falling back this year as, 18 months on from the referendum, currency impacts have mostly fed through and are now falling out of the yearly calculations. At the same time, we hope to see inclusion of petrol and diesel under GST in coming months, which should also help in lowering the pressures of fuel inflation", Shah said. Prices of the other major group under the WPI, manufactured products, which comprise almost 64.23 per cent of the index, recorded a 2.61 per cent rise.

His words: "The drop in inflation rate in December has been predicted before now".

The Consumer food price index (CFPI) in December stood at 4.96 per cent compared to the 4.42 per cent of November 2017.

"Investors and consumers will therefore need to not only review their spending and savings habits as they wait for that elusive pay rise, but also revisit their portfolios while they wait for inflation pressures to ease", she said.

Luke Walton says Lakers got punked by Grizzlies
Ball is listed as doubtful to play against the Thunder, while all signs are pointing to Ingram making his return. We kind of have similar games, but I'm above the rim more than he was.

Like this: