PPI shows biggest gain in wholesale inflation since 2012
According to the Wholesale Price Index (WPI) data released by the Commerce and Industry Ministry, the annual inflation rate was (-) 1.07 per cent in January, 2016.
United Kingdom inflation is creeping ever closer to the Bank of England's (BoE) 2 per cent target reaching a 30-month high of 1.8 per cent in January.
The Institute for Supply Management's prices index, which is closely correlated to the PPI, surged in January to its highest level since May 2011, largely reflecting increases in the prices of commodities such as crude oil.
Inflation is widely expected to pick up this year as a result of the weaker pound, which is making imported goods more expensive.
Much of the rise in consumer prices was due to high food and transportation prices.
Auto sales, however, saw their sharpest decline in eight months, falling 1.4 percent.
Last week RBI had decided not to cut interest rates on fear that inflation will rise in coming days.
CPIH, which the ONS will adopt as its preferred measure of inflation in March, rose by 2.0% in the year to January 2017, compared with a 1.7% rise in the year to December 2016.
North Korea fires 'BALLISTIC MISSILE', South Korean media reports
Japanese Prime Minister Shinzo Abe, who is meeting with Trump in Palm Beach, Florida, called the launch "absolutely intolerable". Experts suggest the tests are programmed for shorter distances to avoid a missile landing on Japan.
'Bathroom bill': NC could lose more NCAA events, sports group says
An effort to repeal House Bill 2 failed in December, but Democratic lawmakers and Gov. But the bill might not get a hearing in the Republican-dominated legislature.
The Coca-Cola Company Announced Earnings for the Fourth Quarter
Birch Hill Investment Advisors LLC's holdings in Coca-Cola Company (The) were worth $4,460,000 as of its most recent SEC filing. The last close places the company's stock about $2.96 off its 52 week high of $69.8 and $19.31 above the 52 week low of $47.53.
Downward pressure on CPI came from a drop in the price of clothing and footwear, which edged down by 4.2 per cent between December and January in contrast to a smaller fall of 3.1 per cent the year before.
"We still believe that domestic price pressures remain strong and supportive of core CPI, which is evident in solid core services inflation, in particular the shelter component".
"By the end of this year, inflation is likely to be around 3 per cent and possibly even higher".
In pulses and products category also, the rate of price rise was negative at (-) 6.62 per cent.
Data on Monday showed India's retail inflation cooled to 3.17 percent last month, its lowest in at least five years.
"It is obvious that consumer prices have gained momentum in recent months", he said.
Consumer inflation has surged 2.5% in January compared to a year before, which is maximum since May 2014 and a little above the market expectations.
The 0.6% gain in the producer-price index followed a 0.2% advance the prior month, a Labor Department report showed Tuesday.
Russia Said To Deploy Cruise Missile That Violates Arms Control Treaty
The move came despite USA complaints that Moscow was violating sections of the 1987 Intermediate-Range Nuclear Forces treaty. He said that "any non-compliance of Russian Federation with the INF Treaty would be a serious concern for the alliance".
Harrison Ford Involved in Airplane Incident (Statement)
The mishap could result in anything from a simple warning to suspension of Ford's pilot license, the news agency reported. Landing a plane on a taxiway is a violation of Federal Aviation Administration safety rules.
Flu has already killed 20 kids in IL this season
Unlike other research teams that focus on "universal" flu vaccines that could be administered once, like a MMR immunization, Dr. Expectant mothers should be vaccinated during pregnancy to protect themselves and pass protection on to their unborn babies.
Jeff Sessions Is Already Refusing to Protect Trans Students
The dispute involves Gavin Grimm, a transgender high school student in Virginia, and the Gloucester County School Board. On Friday, the day after conservative Jeff Sessions was sworn in as U.S.
Brandon Phillips waives 10-and-5 rights, accepts trade to Atlanta Braves
In 2016, he hit.291/.320/.416 for a 94 OPS+ with -7 DRS and 0.8 WAR (the last two were his worst showings since '06). But should the deal go through, Cincinnati will pay most of Phillips' $ 14 million salary for the upcoming season.
NFL Warns Texas There Could Be Consequences for 'Bathroom Bill'
Super Bowl XLV was held in AT&T Stadium in Arlington, Tex., in 2011 and Jerry Jones would no doubt love to host another soon. The Texas bill is similar in scale and tone to North Carolina's controversial House Bill 2 (HB2) law.
'Rangers man' McLeish would listen to job offer
But Warburton led Rangers' training session on Friday as well as taking part in a news conference in the morning. Candidate: Alex McLeish would find a Rangers return tough to turn down.
Toyota Sequoia, Tundra TRD Sport models toughen up
Inside, it has special trim panels, floor mats and sill plates, as well as a 120 volt power outlet in the cargo bay. The Tundra gets a new mesh grille insert on some trims and a new billet-style grille on the 1794 Edition.
Demonstrators arrested during protest over a woman's deportation
Police posted on Twitter that they arrested about seven protesters, but added that the demonstration was mainly peaceful. Guadalupe Garcia de Rayos is seen locked in a van on February 8, 2017 , outside ICE headquarters in Phoenix.
Basketball team left hanging by bus driver, charged with DWI
Bonaventure, N.Y. (KTRS) The Saint Louis University men's basketball team lost a game and then its bus while playing in NY . Another bus eventually picked up Saint Louis, a rebuilding A-10 team on the losing end of a 70-55 verdict that night.