Jan 18 2018
It said the percentage change in the average composite CPI for the twelve month period ending in December 2017 over the average of the CPI for the previous twelve month period was 16.50 percent, showing 0.26 percent point lower from 16.76 percent recorded in November 2017.
"The year-on-year inflation rate for the month of December 2017 as measured by the all items CPI stood at 3.46 percent, gaining 0.49 percentage points on the November 2017 rate of 2.97 percent", said the Zimbabwe National Statistics Agency (Zimstat).
Commenting on the ONS figures Paul Hollingsworth, senior United Kingdom economist at Capital Economics, said: "The fall-back in CPI inflation from 3.1% in November to 3% in December marks the beginning of what we expect will be a sustained downward trend over the course of this year". Analysts polled by Reuters had predicted the same rise for December.
She said: "A rise in oil prices together with the lagged effect of sterling's earlier falls, which is expected to take some time before being fully passed on to consumers, will continue to provide upward pressure on prices". On a sequential basis, the expenses on primary articles, which constitute 22.62 per cent of the WPI's total weightage, edged higher by 3.86 per cent, from an increase of 5.28 per cent in November.
The acceleration in factory output was mainly on account of a robust performance by the manufacturing sector.
Commenting on today's inflation figures, Yael Selfin, Chief Economist at KPMG says:"Following a relatively strong rise in November, consumer prices tapered off a little in December, taking inflation down to 3.0% and providing households with a small relief". Output of "infrastructure or construction goods" increased by 13.5 per cent and that of capital goods by 9.4 per cent.
Trump touts a poll that's awful for him
The same poll found that a plurality of voters (39%) graded Trump's first year in office as an F. On the recently enacted Republican tax reform bill, voters disapprove of it, 52 to 32 percent.
Britain refuses Ecuador's request to grant Julian Assange diplomatic status
The UK's rejection of a diplomatic pass comes after Assange tweeted a cryptic picture of him dressed in the colours of Ecuador . But previous year , the Australian, 46, angered Ecuadorian president Lenin Moreno by tweeting support for Catalan separatists.
Most people who try one cigarette become daily smokers, study says
However, as Hajek pointed out, the situation might just be temporary, meaning that there's a chance you might "outgrow" daily smoking.
Aditi Nayar, principal economist at ICRA Ltd, said the divergence in the sequential trend in the CPI and WPI inflation in December was driven by food inflation, and the impact of the higher housing inflation, which was limited to CPI.
Reacting to the data, industry body CII said that November IIP numbers reflected "the economic revival taking place across sectors". ONS said in it's statement. However, policy maker Silvana Tenreyro gave an optimistic view in a speech on Monday, saying it should pick up in the medium term, which could change the interest-rate outlook.
This may help consumer spending rebound over the coming months and help to shore up United Kingdom growth.
The WPI inflation was 3.93 per cent in November 2017 and 2.10 per cent in December 2016.
The slight decline, the first drop since June 2017, was in line with expectations and partly a result of a weaker increase in air fares compared to the same month in 2016.
"Inflation's been a hot topic since the Brexit vote caused a sharp drop in sterling 18 months ago", he said. It noted the pressure was consistent at a slower pace, month-on-month; and at a slower pace year-on-year. Bloomberg Economics sees modest labour market weakness keeping rates on hold in 2018, but the next move will be a hike.
Jan 17 2018
Four officers shot in SC
Multiple agencies then began "actively looking for the suspect" and issued emergency alerts to area residents, Faris said . The three deputies and one police officer were rushed to nearby hospitals where their conditions are unkown. .
Jan 17 2018
California parents charged with torture after 13 siblings rescued from California home
Neighbours described the Turpin family as "private" and told press they had rarely seen the children coming out of the house. Then, they danced to Presley's "I Can't Help Falling in Love with You". "They spoke often and fondly of their children".
Jan 16 2018
San Francisco Giants Trade for Andrew McCutchen
The San Francisco Giants have acquired Andrew McCutchen from the Pirates in exchange for Kyle Crick and other unknown players. Neal Huntington and his staff will save $14.5 million from McCutchen's contract, barring what they get in return.
Jan 16 2018
Dolores O'Riordan Dead: The Cranberries Singer Was 46
Later that year, the band canceled most of its European summer and North American fall tour dates due to what was described as Ms. The statement adds: "Family members are devastated to hear the breaking news and have requested privacy at this very hard time".
Jan 14 2018
Taylor Swift Bling, Blings Around the World in End Game Video
If you paid attention to the juice box Swift was holding, you might have expected the words to translate into some hidden message. We'll just leave this gif of Taylor Swift winking at us right here and wait for more juicy fan theories from you guys.
Jan 13 2018
UK PM May names new Northern Ireland minister after Brokenshire resigns
A spokesman for Fermanagh Sinn Fein said: "We wish James Brokenshire well in the time ahead and hope he has a speedy recovery". Mrs Karen Bradley also said she was "delighted to be in Belfast".
Jan 12 2018
Jaguars To Take On Eagles In London In October
Wembley once again plays host to two games for a third-straight year, continuing their 11-year partnership with the NFL. Seahawks-Raiders will be held at the stadium of the Premier League's Tottenham Hotspur in Northumberland Park.
Jan 11 2018
Alabama junior WR Calvin Ridley to enter National Football League draft
At 6-1, 190 pounds, he is viewed by some as the top wide receiver prospect in the draft and a possible first-round pick. Lauderdale, Fla., had a season-high 171 yards receiving in a victory against Mississippi State on November 11.
Jan 11 2018
'Seems unlikely' I'll need to speak with Mueller
Lawyers for the president have spoken with FBI investigators about a potential interview, three people familiar with the matter. Asked again about a possible Mueller interview, Trump said, "I'll speak with attorneys".
Jan 11 2018
Ohio Department of Health reports state's first pediatric flu death of season
In its advisory, the government has said that H1N1 is also a type of Seasonal Influenza and is a self- limiting viral disease. The flu is a contagious respiratory illness caused by influenza viruses that infect the nose, throat and sometimes the lungs.
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