United Kingdom inflation holds at 3.0 per cent

Factory output rises to 7.1% in December 2017 manufacturing sector grows by 8.4

Factory output rises to 7.1% in December 2017 manufacturing sector grows by 8.4

"That's healthy. Between the economic data, the inflation data and the supply coming to market, we may get through that 3 percent area".

The consumer non-durables, which are mainly fast moving consumer goods, too showed an increase of 16.5 percent as against contraction of 0.2 percent. Excluding volatile food and energy costs, the so-called core gauge increased 0.3 percent, also above forecasts for 0.2 percent.

Clothing costs jumped 1.7 percent in January after three months of declines.

Chris Williamson, chief business economist at IHS Markit, said a May rate rise was "by no means a done deal" and the Bank would want to see "the economy's health improve to be sufficiently reassured that the economy is ready for another rise in borrowing costs".

Olympics-Alpine skiing-Jansrud questions fairness after competition begins
The strong winds meant that once again, US skier Mikaela Shiffrin's first medal race in South Korea would be put off. The women's slalom became the third Alpine ski race to be postponed at the Olympics .

Markets would greet an increase in consumer inflation that is in line with expectations with "relief", Jones says. With our pay packets lagging price rises, we're feeling progressively poorer as each month rolls by and this inevitably means we'll spend less.

According to the brokerage, the debate on the re-emergence of macro stability risks has intensified owing to the rising headline inflation, widening trade deficit and also the widening the fiscal deficit targets for both the current and next fiscals.

Analysts had expected the January reading to show a slightly slower rate of inflation of 2.9 per cent.

That's shy of the central bank's target of 2%.

Disney raises ticket, annual pass prices at Disneyland and Walt Disney World
At California's Disneyland Resort, one-day admission during peak season increased by $11, or about 8.9 percent, to $135. A one-day adult ticket for Disneyland or California Adventure is $99 for the low-demand days, such as weekdays in May.

The brokerage expects exports to grow at 16.8 per cent in January compared to 12.5 per cent in December. The December gain in the main index was revised upward to 0.2 percent from 0.1 percent.

Inflation shows a slight slowdown for January giving a sign of relief for consumers.

The Bank can't do anything about investment and Brexit, but inflation most certainly lies within its remit. Meanwhile, soft retail sales are probably the result of two factors - one, adverse weather shuttered sales at the start of the month (e.g. motor vehicles -1.3%); two, January may be a "pause to refresh" after a gangbusters 4Q. ' However, figures pointing to sticky price growth may push Governor Mark Caney and Co.to prepare United Kingdom households and businesses for higher borrowing-costs as 't he Committee judges that, were the economy to evolve broadly in line with the February Inflation Report projections, monetary policy would need to be tightened somewhat earlier and by a somewhat greater extent over the forecast period than anticipated at the time of the November Report, in order to return inflation sustainably to the target. Higher interest rates make it more expensive for consumers and businesses to borrow and spend and could slow growth. The data will be published in early March.

The Fed raised rates three times in 2017, each time by 25 th of 1% and is commonly used to calculate changes in interest rates.

South Korea's president hosts North Korea delegation, including dictator's sister
After the opening ceremony, the North Korean delegates moved to Seoul and spent the night at the Walkerhill hotel, a riverside facility named after late U.S.

For the fuel and light segment, inflation was 7.73 per cent last month.

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