Feb 14 2018
The Indices of Industrial Production (IIP) for the mining, manufacturing and electricity sectors for the month of December 2017 stood at 115.5, 131.6 and 143.9 respectively, with the corresponding growth rates of 1.2, 8.4 and 4.4 percent as compared to December 2016. Within the food items, the inflation fell for vegetables to 26.97%, sugar and confectionery 2.85%, cereals and products 2.33% and fruits 6.24%.
"Some of laws of normal economic nature seem to be reasserting themselves", Nathan Sheets, chief economist for PGIM Fixed Income and a former Fed and Treasury official, said on Bloomberg Television.
Fuel and light inflation has seen increase of 7.73%.
Thomas Wells, manager of the Smith & Williamson Global Inflation-Linked Bond fund, said: "UK inflation remains elevated, and with CPI remaining at 3.0%, there is a good probability the BoE will not be able to get CPI inflation back to the 2% target this year". The FTSE is heading into the close just 3 points higher at 7180 after bouncing off 7200.
Similarly, indicating a revival in consumer demand, consumer durables grew 0.9 per cent compared to a decline of 5 per cent in December 2016.
The Dow Jones industrial index, S&P 500 and Nasdaq took 0.5 percent losses upon Wednesday's open.
US stocks opened lower as fears of firming inflation intensified after a report showed consumer prices in January rose faster than expected.
NASA Exhibits the Most Distant Images Taken by a Spaceship
These pictures show two objects in the Kuiper Belt, the so-called twilight zone on the fringes of our solar system . The spacecraft became the first to fly over Pluto in 2015, and the first to explore the Kuiper Belt .
Suns to acquire Elfrid Payton from Magic
Canaan underwent surgery February 1 to fix the ankle he injured the previous day in a game against the Dallas Mavericks. Payton is averaging a career-best 13 points on 37 percent shooting from three.
Alabama man arrested in viral child porn video
Brooke Walker, Moore's fiancé, Tonya Hardy, was detained for questioning, but she's refusing to cooperate with the investigation. Authorities asked for the public's help in locating Moore, who surrendered to Millbrook police around 3:30 a.m.
Inflation shows a slight slowdown for January giving a sign of relief for consumers.
The major currencies spent much of Monday in a holding pattern following a particularly hectic few days of trading amid last week's sharp sell-off in equity markets. "Could three per cent mark the peak for inflation?", said Maike Currie, investment director for personal investing at Fidelity International.
CPI headline inflation was below economists' expectations in eight of the last 10 reports.
Recently, the current volatility in the financial markets has been because analysts expect inflation to continue to rise which may lead to more rate hikes.
The lion's share of the downward pressure on inflation came from motor fuel prices, according to ONS senior statistician James Tucker.
If the market believed that the CPI surprise represented a trend rather than a blip, it would bid up real yields, expecting the Federal Reserve to raise interest rates in the future (expectations about the future federal funds rate are the big near-term determinant of real yields). However, over the coming months, the CPI reading is forecast to only fall back very gradually towards the Bank of England's 2% target.
Fed policy makers will also have February CPI data in hand before they next meet March 20-21 in Jerome Powell's first gathering as chairman. December's figures were revised to show little change, after an initially reported gain of 0.4 percent.
Feb 14 2018
Reply is working on bringing Smart Reply to all messaging apps
There's also " Don't miss the important stuff " to ensure the user does get important messages even when the phone is on silent. For those on vacation, the technology will also enable by itself if you allowed it to review your calendar.
Feb 14 2018
South Africa's worst home-series defeat
From a position of strength, the Men In Blue found themselves in a spot of bother within a few overs. India started on the front foot clinching the first three matches by a comprehensive margins.
Feb 12 2018
South Africa's ANC to meet on Monday as Zuma deadlock tightens
Critics have expressed concern that Zuma may be requesting immunity from prosecution in exchange for his resignation. Opposition parties have criticized reports of ongoing private talks between Zuma and Ramaphosa.
Feb 11 2018
CBB Omarosa's USA is 'going to not be okay' underneath Trump
Former reality TV star and White House aide Omarosa Manigault Newman says she would never again vote for President Donald Trump . When she proposes a welcome toast in the first episode, she admits in voiceover that her Cheshire cat smile is a facade.
Feb 10 2018
PM to address rallies in poll-bound Tripura today
Prime Minister Narendra Modi will be in south Tripura taking his party's call of "Chalo paltai" to the voters. After his UAE visit, Modi will travel to Oman in the final leg of his visit from February 11-12.
Feb 08 2018
What is in US Senate deal on spending, debt ceiling
Senate Majority Leader Mitch McConnell announced the pact, joined on the Senate floor by top Senate Democrat Chuck Schumer of NY . The Senate is expected to pass the package before the shutdown deadline Thursday, leaving the matter in the House's hands.
Feb 07 2018
New features coming to PS4's operating system in big 5.50 update
The mode gives PS4 Pro owners who don't own a 4K display the option to enjoy an enhanced visual experience. With this new feature, users can listen to their favorite tracks while streaming games on PS Now.
Feb 07 2018
The most memorable 2018 Super Bowl ads
The Echo then compares live commands to the acoustic fingerprint of the snippet to determine if the commands are authentic or not. During the advert, Amazon had cleverly ensured the Alexa in your house wouldn't respond when the advert was running.
Feb 07 2018
Wigglesworth in as England waits on Youngs injury
Having relied on just two players at scrum-half for virtually his entire reign, Eddie Jones will finally have to summon a third option, and just whom that may be has got everyone talking.
Feb 07 2018
US Starting to Withdraw Forces in Iraq Following Defeat of ISIS
A former US counterterrorism official told NBC News that Turkey has jailed fighters and seized their passports. He was among a small number of Americans to join al-Nusra in Syria , an extremist group linked to al-Qaida.
Feb 14 2018Higuain, of course! - Allegri backs his man over Spurs' Kane
Feb 11 2018Hong Kong Bus Crash Kills at Least 18 and Injures Over 60
Feb 10 2018Kelly Knew Porter's Security Clearance Would Be Denied Weeks Ago
Feb 09 2018Twitter Posts Profit In Q4 2017 For First Time Ever
Feb 09 2018England unveil fresh World Cup kits
Feb 09 2018Years after acquisition, Nest, Google hardware teams to unify
Feb 07 2018Wayne Rooney on why Henrikh Mkhitaryan will succeed at Arsenal
Feb 07 2018Status yellow snow warning
Feb 07 2018Pennsylvania reports 26 flu deaths last week
Feb 07 2018EU warns United Kingdom on impact of exiting customs unions
Feb 12 2018Virgil van Dijk faces Southampton for the first time since joining Liverpool
Feb 11 2018Bollywood celebrities witnesses Auto Expo 2018
Feb 10 2018LAPD Submits Three Harvey Weinstein Sex Cases to District Attorney
Feb 10 2018Real Madrid coach Zidane already in contact about next job
Feb 09 2018Food may influence cancer spread
Feb 09 2018Led coalition attacks Assad forces in Syria
Feb 09 2018Sony's 'Venom' spin-off gets its first trailer
Feb 08 2018IOF Kills Palestinian in Alleged Stabbing Attack
Feb 08 2018German chancellor urges compromise in coalition talks
Feb 07 2018Uber-Waymo trial reveals cutthroat race to control future of transportation
Feb 07 2018Most Republicans think FBI, DOJ trying to "delegitimize" Trump
Feb 07 2018Detroit Lions announce CNY native Matt Patricia as next head coach