U.K. Inflation Holds Steady After BOE Warns of More Rate Hikes
Tuesday, 13 February 2018 17:01 WIB | ECONOMY |Ekonomi inggris

U.K. inflation held at 3 percent in January as downward pressure from auto fuel and food prices was offset by the cost of attractions such as zoos and gardens.

Consumer prices fell 0.5 percent from December, as they did in January 2017, the Office for National Statistics said on Tuesday. Annual core inflation accelerated to 2.7 percent from 2.5 percent.

The Bank of England expects inflation to subside this year as the effect of sterling's 2016 deprecation fades. That's good news for consumers who have seen rising prices eat into their spending power over the past year. 

But what matters for rate setters is domestically generated inflation, and officials now judge there is little spare capacity remaining in the economy. 

Markets are pricing in about three interest-rate hikes over the next three years, with the first coming as early as May. Even that will leave œexcess demand and inflation above the 2 percent target, policy maker Gertjan Vlieghe said on Monday.

Auto-fuel prices rose less last month than they did a year earlier, and food prices fell compared with no change in January 2017. Upward pressures came from the recreation and culture sector, where prices fell by less than a year earlier. There was also some pressure from clothing prices.

Producer-price inflation continued to slow in January, with input prices rising 4.7 percent on the year and output prices climbing 2.8 percent. February may see a further slowdown as oil prices decline. 

Annual house-price growth picked up to 5.2 percent, driven by Scotland and southwest England. London was again the weakest region, with values rising 2.5 percent.

Source : Bloomberg

RELATED NEWS

UK retail sales drop 0.9% m/m in December, miss estimates
Friday, 18 January 2019 16:40 WIB

Penjualan ritel Inggris mengalami kontraksi 0,9% selama sebulan di Desember, kehilangan ekspektasi pasar dengan selisih kecil sementara penjualan ritel inti membebani penjualan bahan bakar motor otomatis juga turun 1,3% m / m. Secara tahunan, penjualan ritel Inggris turun 3,0% pada bulan Desember v...

UK CPI eases to 2.1% y/y in December, meets estimates
Wednesday, 16 January 2019 16:44 WIB

Indeks Harga Konsumen Inggris (CPI) 12-bulan menjadi 2,1% pada bulan Desember, turun dari 2,3% November dan sesuai perkiraan 2,1% yang diharapkan, Kantor Statistik Nasional Inggris (ONS) melaporkan pada hari Rabu. Sementara itu, Indeks inflasi inti (tidak termasuk volatilitas bahan makanan dan ener...

U.S. wholesale inflation falls at end of 2018 on lower gas prices, PPI shows
Tuesday, 15 January 2019 20:53 WIB

Biaya grosir barang dan jasa AS mencatat penurunan terbesar pada bulan Desember dalam lima bulan terakhir, tanda lain adalah turunnya harga bahan bakar bensin yang telah mengurangi tekanan inflasi dalam perekonomian Indeks harga produsen turun 0,2% bulan lalu. Menurut Ekonom yang disurvei oleh Mark...

U.S. Core Inflation Holds Steady as Energy Drags Down Main Index
Friday, 11 January 2019 20:48 WIB

Indeks utama inflasi A.S. sedikit berubah pada bulan Desember sementara jatuhnya harga sektor energi menyeret turun indeks yang lebih luas, memberikan Federal Reserve sedikit urgensi untuk menaikkan suku bunga segera setelah sinyal pendekatan yang lebih hati-hati pada tahun 2019. Tidak termasuk mak...

U.K. Economy Loses Further Steam as Manufacturing Weakens
Friday, 11 January 2019 16:47 WIB

Ekonomi Inggris terus kehilangan momentum dalam tiga bulan hingga November saat terjadi pelemahan pada manufaktur. Pertumbuhan melambat menjadi 0,3 persen dari 0,4 persen pada periode hingga Oktober, Kantor Statistik Nasional mengatakan Jumat. Di bulan November saja, produk domestik bruto tumbuh se...

ANOTHER NEWS
Hong Kong, Shanghai Stocks End Week With Gains
Saturday, 19 January 2019 05:20 WIB Hong Kong stocks finished another healthy week on a positive note Friday as investors cheered a report that the US is considering lifting Chinese tariffs in a bid to hammer out a trade deal between the world's top two economies. The Hang Seng...

DISCLAIMER

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.