December retail inflation soars 5.21 pct

Retail inflation hits 17-month high of 5.21% IIP grows to grows 8.4

Households also paid more for new motor vehicles, which rose 0.6% in price last month, the biggest gain since January.

The Argentinean Consumer Price Index (CPI) rose by 3.1% in December, after increasing 1.4% a month before, said the country's statistics office.

That was half the increase expected by analysts.

The latest uptick was mostly led by a sharp rise in vegetables inflation, which shot up to a four-year high of 22.5% in Nov'2017 from 7.5% in the preceding month.

Despite a cut in taxes, retail petrol prices have risen 5.6 per cent and diesel by 9 per cent since June in Delhi.

Bell threatens to sit or retire if franchise tagged again
I just want to be valued where I'm at", per ESPN . "I don't necessarily care about the money aspect of it", explains Bell. But he doesn't have any intention of staying if he doesn't get the kind of long-term deal he feels he deserves.

Norv Turner finalizing deal to be Panthers' offensive coordinator
Barring a snag, a formal announcement is expected over the next couple of days. Newton has thrown 30 interceptions and 41 touchdowns in the past two years.

National Basketball Association wrap: LeBron James rips own team as Raptors thrashes Cavs
Irving's replacement, Isaiah Thomas didn't help James' fury as the recovering point guard (hip) knocked down just 2 of 15 shots. There was also a dip in the visitors' form, with LeBron James and company coming into the night 4-6 in their last 10 games.

As of 8:32 a.m. EST, Comex February gold was up $5.40 to $1,327.90 an ounce an ounce. The report will be published at 10.00 am ET. Last month, RBI's Monetary Policy Committee (MPC) had forecasted that retail inflation will hover around the range 4.3 to 4.7 per cent in quarter ended December and March, higher than the previous projection of 4.2-4.6 percent.

"For 12 consecutive months from November 2016 to October 2017, the CPI inflation remained below 4 percent..."

Along with the shelter index, the indexes for medical care, used cars and trucks, new vehicles, and motor vehicle insurance also increased in December. Prices for US Treasuries fell, with the yield on the interest-rate sensitive two-year note rising to the highest since 2008.

The retail inflation seems to show no sign of decline. Some central bank committee members have said that interest rates should be put on hold until inflation picks up.

The underlying pace of USA inflation unexpectedly accelerated in December amid increased shelter costs, reinforcing the outlook for the Federal Reserve to raise interest rates several times in 2018. The overall 2.1 per cent price increase was identical to the inflation gain in 2016 with both years up from tiny increases of 0.8 per cent in 2014 and 0.7 per cent in 2015.

Related News:



Most liked

Hundreds help welcome Ryland Ward home from hospital
Ryland's stepmother, Joann Lookingbill Ward, was among the dead as well as her daughters Brooke, 5, and Emily, 7. Today, the final victim recovering in the hospital, a six-year-old boy, got to ride home in style.

Vivo unveils first smartphone with in-display fingerprint sensor at CES
Then again, it seems likely that you could login another way and re-register your finger to make that stored print the new normal. Interested buyers can expect the fingerprint reader to be featured in Vivo's next phone, which will be announced early this year.

Netflix Releases New Trailer For Upcoming "Altered Carbon" Series
Enter Miguel Sapochnik, director of Game of Thrones' best ever episode - "Hardhome" - and enter Richard Morgan's Philip K. While police ruled it a suicide, Bancroft is convinced he was murdered and wants Kovacs to find out the truth.

Australians mourn death of 14-year-old cyber bullying victim
Dolly's death has sparked both sadness and outrage among many families, including those from rural and regional Australia.

Germany's Angela Merkel embarks on new talks to type authorities
And if they back full talks, entering government hinges on a second poll , of all SPD members, on any final coalition deal. Mrs Merkel admitted there had been hard "blockages" during the Berlin talks.

Kneeling Protest Planned Ahead Of Vikings-Saints Playoff Game
Another Super Bowl would burnish his legacy and gain him entry into the rare club of multiple-Super Bowl-winning quarterbacks. We have a third down meeting, a red zone and then we talk a lot about third downs in the red zone.

China orders probe into Marriott for listing Tibet as country
It triggered an uproar on Chinese social media as Tibet is an "autonomous region" firmly under Chinese control since the 1950s.

Samsung is partnering with NextRadio to Unlock FM Chips in Smartphones
Right now, this remains impossible since the company doesn't activate the FM chip in phones like the Galaxy S8. It seems now things are changing as Samsung is partnering with NextRadio to unlock FM chips in smartphones.

Infosys profit beats expectations on tax benefits
Net profit was up 37.7 percent at Rs 5,129 crore due to lower tax expenses (see chart). Dollar revenue growth at 1 percent and constant currency revenue at 0.8 percent QoQ.

Toyota, Mazda to build $1.6B joint plant in Alabama
The facility will have the capacity to build 300,000 vehicles annually, with production split evenly between two lines for each company.

Thanos Stands Atop the Avengers 4 Wrap Party Cake
The photos may contain spoilers for the unreleased Avengers: Infinity War , which this is a direct sequel to, so view them at your own risk.

Netflix's 'The End of the F***ing World' Trailer Released, Premieres This Friday
Netflix has released the first trailer for their original series The End of the F**king World premiering on January 5th. The dark British drama-comedy is reportedly an adaptation of the 2013 graphic novel of the same name.

Ellen DeGeneres' father, Elliot DeGeneres, dies at 92
He was very proud of me, he loved this show . "There was not one bone of judgement in his body", she continued. When I was a little girl, we came to this lot, to the Warner Bros. lot and took the tour and went around.

SC judges address press conference for the first time
In an unprecedented development, four senior Supreme Court Judges called a press conference after halting the court proceedings. One of the senior judges of the SC, Justice Jasti Chelameswar , said: "Democracy can not survive without free judiciary".

China 2017 Exports to North Korea Up 8.3% -- Customs
China's December imports from North Korea slumped 81.6 percent year-on-year to $54.34 million, China's customs said on Friday. China's trade surplus in December with the 28-nation European Union , its biggest trading partner, stood at $14.6 billion.