Enero 27, 2021

Wholesale inflation rose by 1.88% in July after easing for four months

15 Agosto 2017, 08:21 | Azura Castelo

Wholesale inflation rose by 1.88% in July after easing for four months

Wholesale inflation rose by 1.88% in July after easing for four months

The consumer price index including owner occupiers' housing costs 12-month inflation rate was 2.6 percent in July, the same rate as in June.

Today's inflation figures from the Office for National Statistics show the headline rate remaining flat at 2.6% - contrary to the expectations of many who thought the bounce in commodity prices would drive an increase this month.

Retail as well as wholesale inflation turned sharply higher in July, but remained far below the RBI's comfort level of 4 per cent, leading to the chorus of lower rates getting louder. Nayar said prices of various vegetables have displayed a month-on-month hardening so far in August and in addition, a reversal of the favourable base effect could result in retail food inflation rising further in the ongoing month.

The index for primary articles rose by 4.3% from June's 126.9 to July's 132.4.

However, this was offset by a downward pressure from motor fuel prices, with prices falling 1.3 per cent in July, the fifth successive monthly decrease. That figure could prove controversial, however, given that United Kingdom rail fares are linked to RPI rates, and thus train operators will be able to increase ticket prices by 3.6% in January 2018.

The RBI expects retail inflation could accelerate to 3.5 per cent to 4.5 per cent in October-December.

Households have seen their spending power come under sustained pressure from lacklustre wage growth and higher inflation, triggering an increase in credit and a decline in savings.

"The UK home grown prices are still somewhat muted and it is something which the [Bank of England's monetary policy committee] is comfortable about", said Naeem Aslam, chief market analyst at Think Markets.

United Kingdom inflation surprisingly held steady in July, reducing some of the pressure on the Bank of England for a rate hike but keeping up the squeeze on household budgets. This is all the more important given the state of industrial sector where growth is anaemic... The core CPI inflation was almost flat at 3.81% in July 2017 compared with 3.75% in June 2017.

But Tuesday's data showed this eased to a one-year low of 6.5 percent in July, down from 10.0 percent in June.

Andrew Goodwin, lead United Kingdom economist at Oxford Economics, said falling fuel prices will continue to weigh on the cost of living in July, keeping CPI at 2.6%.

Otras noticias

Tendencias Ahora

Top General Says US Capable Of Protecting Territories, South Korea
Amid the exchange of belligerent rhetoric between the United States and the DPRK, tensions ran high on the peninsula. In Washington, top administration officials appeared focused on trying to play down the prospect of nuclear war.

Wenger 'relieved' Giroud stayed at Arsenal after victor against Leicester
One was a corner, one on build-up, one on a corner again", he said. "We were quite good previous year on corners". We kept the faith and kept believing in our game to push hard", said Giroud who has vowed to fight for his place.

Did you get glasses for the eclipse off Amazon? Check your e-mail
Those who were prepared and purchased their glasses from Walmart and other retailers, probably paid a reasonable price for them. This is especially true during all of the phases when the moon is only partially blocking the sun.

North Korea delays decision on firing missiles at U.S. territory
Fred Bell, the vice chairman of the Palm Springs Air Museum, has been analyzing USA and North Korea relations for decades. North Korea sees these exercises and larger ones held every spring as a rehearsal for invasion.

CIA's Pompeo says no 'imminent' threat of nuclear war
The two nations have their annual military joint exercise, named Ulchi-Freedom Guardian, set for August 21-31. Some have criticized him for that, arguing his comments tend to increase tension with North Korea.

Mike Bost statement on Charlottesville violence
Mr Trump also said the "Ku Klux Klan, neo-Nazis and white supremacists" were "repugnant" to "everything Americans hold dear". Congressman Bill Pascrell called a news conference to criticize Trump. "I'm surprised he said anything at all".

Jerry Jones said to be 'furious' over Ezekiel Elliott suspension
He can run out of the shotgun, catch passes and make big plays in the open field. "With him, you just put the ball in the air. It's not tough to see what National Football League is doing, they're setting a benchmark with this suspension.

Chelsea Lost Composure Vs Burnley, Morata Needs To Adapt — Conte
He asked for that to happen". "In recent games we have finished with nine or 10 men. It was his 199th Premier League goal and first for Everton since 2004.

Kim Jong-Un appears to back off Guam threat
You always want to hold the commander in chief in reserve, rather than getting him boxed in right away. She also said Kim Jong Un is the "worst among three generations" and is calling his bluff.

Jury Sides With Taylor Swift In Groping Trial
Mueller's lawyer told jurors the pop star's account was inconsistent with the testimony of every other member of her team. He then asked the jury to observe the "Shake It Off" singer's expression in the photo. "And, he put it in Mr.