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.
Golden Globe red carpet fairytale goes noir in protest
Emma's aim was to bring awareness to a cause she finds worthy during a time when hundreds of thousands of people are watching. Greta Gerwig's mother-daughter tale " Lady Bird " won best picture, comedy or musical , and best actress for Saoirse Ronan.
This Hawaiian Airlines Flight Took Off in 2018 and Landed in 2017
The International Date Line zig-zags from the North Pole to the South Pole through the sparsely populated Pacific Ocean. Not only that Hawaiian Airlines Flight 446 appears to be quite the expert when it comes to " time travel ".
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.
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 18 2018
Man wears 8 pairs of pants , 10 shirts; gets arrested
After he gave his statement to police he returned to the airport to get an EasyJet flight he had booked for the next day. According to authorities, he managed to put on eight pairs of jeans and ten shirts - not once, but TWICE over two days.
Jan 18 2018
MI meteor: How valuable are meteorites?
Around the time of the flash of light at 8:15 p.m., residents across metro Detroit also reported that their homes began shaking. The AMS receives reports of hundreds of fireballs every year, but Tuesday's event was a bigger deal than most.
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 14 2018
Ritz Paris raid bags millions in jewellery
Diana, Princess of Wales dined at the hotel shortly before she was killed in a vehicle crash on the night of August 31, 1997. It is estimated that the jewelry is worth 4.7 million euros. "They were after the jewellery on display at the hotel".
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 13 2018
South Korea's Moon calls for Japan's 'sincere apology' over comfort women
Kang added that South Korea hoped Japan would offer the victims what they still sought - "a voluntary and honest apology". Japan colonised the Korean peninsula between 1910 and 1945 and occupied parts of China before and after the war.
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
Thirteen people killed in Montecito mudslides
The road is closed from Milpas Street in Santa Barbara at the north end to the junction with State Route 126 in Ventura. Mudslides unleashed by a ferocious storm demolished homes in southern California , authorities said Tuesday.
Jan 11 2018
Cryptocurrencies will come to a bad end ―Warren Buffett
In late-morning trading, Berkshire Class A shares rose $2,010 to $306,530 and its B shares rose $1.61 to $204.63. Berkshire's board will grow to 14 members from 12 with the addition of Abel and Jain.
Jan 16 2018Protesters attack South African H&M stores over `racist` ad
Jan 16 2018San Francisco Giants Trade for Andrew McCutchen
Jan 16 2018Dolores O'Riordan Dead: The Cranberries Singer Was 46
Jan 14 2018Researchers claim to find a way to infiltrate WhatsApp Group chats
Jan 14 2018Extending CHIP Would Actually Save Taxpayers Money: CBO
Jan 12 2018Jaguars To Take On Eagles In London In October
Jan 12 2018Camila Cabello's Producer Says Her Label Didn't Think 'Havana' Was A Hit
Jan 12 2018Britain refuses Ecuador's request to grant Julian Assange diplomatic status
Jan 11 2018Most people who try one cigarette become daily smokers, study says
Jan 11 2018Search for MH370 continues, to cost between RM82m to RM280m if found
Jan 18 2018Some People want to silence me, claims Praveen Togadia
Jan 17 2018MINNESOTA MIRACLE: Last-minute heroics propel Vikings to playoff win over Saints
Jan 17 2018Four officers shot in SC
Jan 16 2018Girl In Hijab Not Attacked By Scissors According To Police
Jan 15 2018Two Palestinian teens killed in clashes with Israeli troops
Jan 15 2018Pregnant Kylie Jenner shows off her maternal side
Jan 15 2018Hawaii panics after inbound missile alert goes off in error
Jan 14 2018Power outage hits CES, social media mocks electronics show
Jan 13 2018Trump touts a poll that's awful for him
Jan 11 2018Serena Williams' daughter is 'Vogue's youngest-and most adorable-cover star
Jan 11 2018Ethereum hits a new record high - while bitcoin and Ripple's XRP slide
Jan 11 2018Ohio Department of Health reports state's first pediatric flu death of season