U.K. Inflation Holds at 3% as Cheaper Fuel Offsets Food Prices
Tuesday, 14 November 2017 16:54 WIB | ECONOMY |Ekonomi inggrisUK Inflation

U.K. inflation held at a 5 1/2-year high in October, as cheaper auto fuel offset the rising cost of food.

Consumer prices rose 3 percent in October from a year earlier, the Office for National Statistics said on Tuesday. Economists had expected inflation to accelerate to 3.1 percent.

It means Governor Mark Carney has been spared having to write to Chancellor of the Exchequer Philip Hammond explaining why inflation is more than a percentage point above the 2 percent target, though officials expect the rate to breach that level soon.

Policy makers raised their key interest rate to for the first time in more than a decade this month to tackle the rising cost of living.

The inflation pickup was driven by food prices, which rose 4.2 percent in the year through October, the most in four years. Food prices rose 0.6 percent on the month. The surge reflects rising import prices caused by the almost 12 percent drop in the pound since the Brexit referendum last year.

There was also upward pressure from electricity prices after Centrica Plc raised electricity tariffs by 12.5 percent.

Downward pressure came from cheaper gasoline prices, with the cost of auto fuel declining 0.4 percent on the month compared with a jump of 2.3 percent a year earlier.

Inflation may be now close to a peak, with the central bank saying it predicts a slowdown in coming months and through 2018. That will be a relief for British consumers seeing their spending power squeezed as pay growth fails to keep pace.

Shrinking household spending power is being felt on the high street. October was the œmost horrific on record for retail sales, according to the BDO High Street Sales Tracker last week.

Sluggish wage growth alongside a downward trend in inflation make further rate hikes in 2018 œunlikely, according to Bloomberg Economics.

Core inflation -- which excludes volatile food and energy prices -- held at an annual rate of 2.7 percent in October.

Separate figures showed cost pressures are easing after pound stabilized earlier this year. Input prices for factories rose 4.6 percent on the year, the least since July 2016. Output prices increased 2.8 percent, the slowest pace since November last year. Growth in the price of imported materials slowed to 4 percent.

Separate figures show house-price growth accelerated to 5.4 percent in September from 4.8 percent in August.

Source : Bloomberg


U.S. retail sales jump 0.8% in May, point to strong second-quarter GDP
Thursday, 14 June 2018 20:02 WIB

Penjualan di toko ritel melonjak pada bulan Mei, tetapi peningkatannya merupakan pedang bermata dua. Tetapi meningkatnya inflasi juga mengakibatkan konsumsi lebih untuk gas dan bahan pokok lainnya. Penjualan ritel nasional melonjak 0,8% bulan lalu, dua kali lebih tinggi dari perkiraan MarketWatch. ...

U.K. Retail Sales Climb as Weather, Royal Wedding Boost Spending
Thursday, 14 June 2018 15:51 WIB

Penjualan ritel Inggris melonjak lebih dari perkiraan ekonom pada Mei karena cuaca hangat dan Royal Wedding mendorong konsumen untuk berbelanja. Penjualan naik 1,3 persen dari April, dibandingkan dengan estimasi rata-rata dari kenaikan 0,5 persen dalam survei Bloomberg. Peningkatan itu dipimpin ole...

Wholesale inflation surges in May due to higher oil prices, PPI show
Wednesday, 13 June 2018 20:10 WIB

Biaya grosir di AS melonjak pada Mei yang dikarenakan kenaikan harga minyak, sehingga menambahkan tekanan pada inflasi dalam pertumbuhan ekonomi yang ditandai oleh tersendatnya pasokan serta semakin berkurangnya tenaga kerja terampil. Indeks harga produsen melonjak 0,5% pada bulan Mei, Departemen T...

UK CPI steadies at 2.4 percent y/y in May, misses estimates
Wednesday, 13 June 2018 15:55 WIB

Tingkat Indeks Harga Konsumen (CPI) Inggris 12-bulan di 2,4% pada bulan Mei, tidak berubah dari pembacaan bulan April dan vs 2,5% yang diantisipasi, Office for National Statistics (ONS) Inggris melaporkan hari ini. Sementara itu, Indeks inflasi inti (tidak termasuk item volatile makanan dan energi)...

Consumer inflation rising at fastest pace in 6 years, CPI shows
Tuesday, 12 June 2018 19:48 WIB

Indeks harga konsumen (CPI) menunjukkan biaya hidup meningkat pada laju tercepat dalam enam tahun, ini menunjukan ekonomi AS yang kuat dan pasar tenaga kerja sangat ketat yang memicu inflasi. Indeks harga konsumen meningkat 0,2% pada bulan Mei, pemerintah mengatakan Selasa. Itu sejalan dengan perki...

HK stocks post biggest weekly loss in 3 months amid trade war fears (Review)
Saturday, 23 June 2018 04:10 WIB Hong Kong™s benchmark stock index ended slightly higher on Friday, but posted its biggest weekly loss in three months amid escalating trade tensions between Beijing and Washington. The Hang Seng index rose 0.2 percent to 29,338.70, while the...


Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.