As inflation shoots up, India Inc seeks lower lending rates
The producer price index (PPI) rose 6.9 percent year-on-year in January, according to the National Bureau of Statistics, outstripping an economist estimate of a 6.5 percent increase in a Bloomberg News survey.
Higher oil prices across the globe led the rise, causing the price of fuel to increase.
CHINA'S consumer and factory inflation was warmer than expected in January, driven by holiday effects. He expects WPI inflation to average 5.5 per cent in Q4FY17 and 3.6 per cent in FY2017.
The EU measure of inflation, or HICP, climbed 1.9 percent yearly in January, faster than the 1.7 percent rise in the prior month.
The pickup in prices, which also reflected higher retailer and wholesaler margins, is the latest signal that broader inflation continues to move toward the goal of Federal Reserve policy makers. Grocery prices were unchanged, but the cost of eating out rose 0.4 percent.
The annual rate of inflation based on monthly WPI, stood up at 5.25% for January 2017 over the same period a year ago and 3.39% for the previous month (December), official data said today.
Inflation pressure remains, however, as the price paid for raw materials by United Kingdom manufacturers jumped 20.5% on the year, the fastest annual pace since September 2008.
A 7.8 percent jump in gasoline prices accounted for almost half the increase.
Last month, prices for final demand goods increased 1.0 percent, the largest rise since May 2015.
Consumer prices in the United States jumped in January by the most since 2013 as higher oil prices continue to make their impact around the world.
Howard Archer, chief United Kingdom economist at forecaster IHS Global Insight, said: 'Inflation is expected to have been lifted in January by higher fuel prices and increased food prices'. However, fuel group inflation accelerated 18.14% in January from 8.65% a month ago, due to rising petrol and diesel prices. When prices rise too sharply, it's a sign that money is flowing too easily into the economy and that the Fed would likely raise rates to tamp down on borrowing.
The main contributor to the increase was the rising price of motor fuel, which went up 3.4% between December and January. The urban inflation recorded at 3.17 per cent in the month under-review against 4.81 per cent.
Oroville dam evacuation order lifted, warning remains
Over the weekend, the swollen lake spilled down the unpaved emergency spillway for almost 40 hours, leaving it badly eroded. As state officials puzzle through how to fix it, federal regulators have ordered California to figure out what went wrong.
UConn Women's Basketball Pursues 100 Straight Wins
The only hole in her game? Collier expanded her game to the perimeter in response to the Gamecocks pressuring her down low. For Williams, the game nudged her. "I've never been more confident about anything in my life", student Jordan Vogel said.
WWE Asks If Wyatt & Orton Are Destined To Clash At WrestleMania
The two are set to have a rematch here tonight, and if Elimination Chamber was any indication, these two won't disappoint. And she was a huge underdog against Alexa Bliss , a former Ohio State cheerleader and bodybuilder before joining WWE .
Trudeau pulled it off with Trump
But while trade with Canada overall has been evenly balanced, the picture varies widely by state and from one industry to another. He said his role is to govern in a way that reflects Canadians' approach "and be a positive example in the world".
Dont'a Hightower has been the Patriots' unsung hero for 2 Super Bowls
They scored 16 more points in regulation, went into overtime, and won the game with a James White 2-yard touchdown run. He was finally able to move the ball after falling behind by two scores and brought the Patriots into the red zone.
Two changes for England as they get ready for Wales clash
Clifford, who was not involved against France, has seven caps but his only global start came in last May's game against the Welsh. But Wales fly-half Dan Biggar is likely to start after shaking off a rib injury from last week's 33-7 win over Italy.
Nvidia enjoys record revenue, up 55pc from a year before
The simple 20 day moving average for NVIDIA Corporation is 14.33% and the simple 200-day moving average is at 71.21%. Analysts had expected revenue of $135.3 million from the business, according to research firm FactSet StreetAccount.
One-Third Don't Know Obamacare and Affordable Care Act Are the Same
Casey also criticized Republicans for not having a plan to replace the act, which is more widely known as Obamacare . House conservatives are pushing for a hearing on a reconciliation bill that would repeal the Affordable Care Act.
Patriots Post Epic Super Bowl Comeback to Beat Falcons
Instead, the next four snaps resulted in a minus-23 yards, including Trey Flowers' sack and a holding call that forced a punt. The purists have argued that they don't want to see games end 77-74 with a quarterback like Brady throwing for 12 touchdowns.
UNC vs. Duke: Score and Reaction from 2017 Regular Season
We took care of the basketball-didn't turn it over-but we still didn't get the offense we wanted. Jamie Cherry did her part, putting up 31 points thanks to four 3-pointers and seven free throws.
Feb 16 2017