U.K Inflation Stays Below Target on Computer Games, Cheaper Food
Wednesday, 17 April 2019 15:59 WIB | ECONOMY |Inflasi

U.K. inflation unexpectedly stayed below target last month as higher fuel prices were offset by the cost of food and computer games.

Annual consumer-price growth remained at 1.9 percent, its third month below the Bank of England™s 2 percent goal, the Office for National Statistics said Wednesday. Core inflation held at 1.8 percent.

The figures leave prices rising much more slowly than wages, a boost for consumers, whose spending drives the British economy. The lack of headline inflationary pressure gives policy makers breathing space to keep interest rates on hold until the Brexit crisis is resolved. 

Rising oil prices saw the cost of filling up a vehicle climb 1 percent last month, compared with a 1.3 percent decline a year earlier. 

But food costs fell 0.1 percent and the recreation and culture sector saw prices rise more slowly than they did in March 2018. This was driven by games, toys and hobbies as well as the cost of compact discs, videos and music downloads, the ONS said. 

Inflation in the services sector, seen as proxy for domestically generated inflation, held at 2.5 percent for a third month. Goods inflation remained at 1.3 percent. 

Pipeline cost pressures were also subdued. Producer input prices fell 0.2 percent from February and were up just 3.7 percent from a year earlier. Output prices rose 0.3 percent on the month for an annual gain of 2.4 percent. 

Brexit fears continued to take a toll on the property market, with annual house-price growth slowing to 0.6 percent in February, the least since September 2012. 

The worst-performing region was London, where property values declined 3.8 percent, the biggest annual drop since August 2009 when Britain was in the grip of the global financial crisis. 

Prices in the U.K. capital have fallen for four consecutive months and now stand at 460,000 pounds on average, the lowest level for three years. The fall was more pronounced in inner London boroughs, which declined 4.1 percent. Outer districts fell 1.1 percent. House prices in southeast England also posted an annual fall for the first time since 2011.

Source : Bloomberg

RELATED NEWS

Philly Fed manufacturing index drops to 12.0 for September, but tops forecasts
Thursday, 19 September 2019 19:49 WIB

The Philadelphia Federal Reserve's manufacturing index fell to 12.0 in September after registering a reading of 16.8 in August. Any reading above zero indicates improving conditions. Economists polled by MarketWatch expected a reading of 10.0. The indexes for general activity and new orders fell, ...

U.K. retail sales slip 0.2% in August
Thursday, 19 September 2019 15:47 WIB

U.K. retail sales fell 0.2% in August, as the prior month's gain from Amazon Prime Day reversed with a drop in non-store retailing. Economists polled by FactSet had forecast a 0.2% dip. The year-on-year growth rate slowed to 2.7% from 3.3%. Source: marketwatch...

Australia's Unemployment Rises in August
Thursday, 19 September 2019 08:52 WIB

Australia's unemployment rate rose in August reflecting a slowdown in the economy, and adding to a fast-growing case for interest rates to be cut further in coming months. Unemployment rose to a seasonally adjusted 5.3% in August from 5.2% in July, as employment growth of 34,700 over the month was ...

U.K. CPI slows more than forecast to 1.7% growth rate
Wednesday, 18 September 2019 15:50 WIB

U.K. consumer prices slowed to 1.7% year-over-year growth in August from 2.1% in July, the Office for National Statistics said Wednesday. Economists polled by FactSet expected a 1.9% rise. Core CPI slowed to 1.5% from 1.9%. The ONS said the decline came from principally games, toys and hobbies, and...

US: Retail sales rose 0.4% in August vs. 0.2% expected
Friday, 13 September 2019 19:46 WIB

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%. Total sales for the June 2019 through August 2...

ANOTHER NEWS
Stocks open slightly higher, buoyed by tech rally
Thursday, 19 September 2019 20:48 WIB Stocks opened slightly higher Thursday, with tech shares leading gains. The Dow Jones Industrial Average rose 73 points, or 0.2%, to 27,220, while the S&P 500 gained 8 points, or 0.3%, to 3,015. The Nasdaq Composite was up 32 points, or 0.4%,...

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.