The pound has fallen after inflation held steady in October

15 November, 2017, 02:03 | Author: Salvatore Jensen
  • Unemployment in the UK drops by 59000 people

Meanwhile following the latest inflation data, "there was a very slight initial drop in the value of sterling as markets anticipate that inflation may not peak beyond 3.0 percent and future interest rate rises may not therefore need to be imminent", Richard Stone, chief executive at stockbrokers The Share Centre, said in a note to clients.

The retail inflation rose up to seven-month high to 3.58 in October due to the high prices of food items, especially vegetables, eggs, milk and their products, and tobacco products and housing sector. It was (-) 22.51 per cent in September.

The Consumer Price Index (CPI) for October has went up by 3.58 per cent in comparison to same period past year.

The Retail Price Index (RPI), a separate measure of inflation, was 4% last month, up from 3.9% in September. However, fruits were comparably cheaper in October on a sequential basis.

Sub-category of food and beverages during the month under consideration recorded a rise of 2.26 per cent over the same period previous year.




In October, inflation rate for the food basket increased to 1.9 per cent from levels of 1.25 per cent in September.

Fall in pulses price keeps rise modest; housing, fuel up.

Ratings agency Crisil said: "In the months ahead, inflation could see an upside from further rise in oil prices and higher household spending led by implementation of farm loan waiver and an expected upward revision in salary and allowances of state government employees". "Our quantitative analysis suggests that if (a big if) the GST tax changes are fully passed on to consumers, they would lower CPI inflation by estimated 20 basis points", Nomura said.

Retail inflation has been steadily rising since June, when it eased to 1.46 per cent - its slowest pace since India started releasing such figures in January 2012, based on combined data for rural and urban consumers.

Recommended:

  • Hawley subpoenas Google, says Missouri is not giving company a "free pass"

    Also of interest to Hawley's investigation is the roughly 70 percent of all card transaction information that Google collects. The company operates "in a highly competitive and dynamic environment", Patrick Lenihan said in an emailed statement.
    Messi explains Argentina rest

    Messi explains Argentina rest

    Argentina's victor came with just four minutes to play and the victory marks another important milestone for Jorge Sampaoli. He singled out Aguero for creating scoring opportunities despite a lack of space offered by Russia's defensive setup.
    Eminem - Walk On Water (Feat. Beyonce)

    Eminem - Walk On Water (Feat. Beyonce)

    The song is a little bit slower than people have come to known Eminem , but has some powerful verses throughout. If you listen closely, you can hear the sounds of Eminem writing and ripping up paper in the background.
  • Decision day arrives for same-sex marriage in Australia — Postal survey results

    Decision day arrives for same-sex marriage in Australia — Postal survey results

    But it was not made clear what law would be changed and no one knew what legislation they were casting their opinions on. Parents would also be allowed to remove children from classes where lessons go against their views on marriage.
    National Football League  owners weigh contract extension for Roger Goodell

    National Football League owners weigh contract extension for Roger Goodell

    Goodell and Jones have had their rivalry intensified by the recent suspension of Cowboys running back Ezekiel Elliott . However, Goodell apparently believes he's doing a fine job and would like to continue doing it.
    Taylor Swift to bring stadium tour to Nashville in August 2018

    Taylor Swift to bring stadium tour to Nashville in August 2018

    The music superstar will perform in Indianapolis on Saturday, Sept. 15, 2018, as part of her just-announced " Reputation " tour. A pair of 2018s major concert tours Taylor Swift and Jeff Lynnes ELO - have announced August stops for downtown Detroit.
  • Aircraft Carrier Groups Take Part in Joint US- S. Korean Maritime Drills

    USA military aircraft practice touch-and-go maneuvers on the USS Nimitz aircraft carrier during an exercise in the Sea of Japan on November 13.
    The Dream Chaser Spacecraft

    The Dream Chaser Spacecraft

    The Dream Chaser is being developed to carry cargo to and from the International Space Station without a crew aboard. The company says it will release more information about the test Monday afternoon.
    United Kingdom  construction output falls more than expected

    United Kingdom construction output falls more than expected

    Year-on-year, construction output rose 1.1%, short of the 2.2% forecast and down from a revised 3.9% rise for August. However, construction output fell by 1.6 per cent in the month.
  • Joel Embiid explains why he 'loves' Lonzo Ball despite entertaining feud

    My dad had me on lesser teams, so I had to do more and it prepares me. I love what he's doing, especially with his own shoe. People think I hate him, but I love him".
    Authorities Respond to Stabbing at Mall of America

    Authorities Respond to Stabbing at Mall of America

    The incident reportedly occurred in the men's department of Macy's shortly after 6.45pm local time in Bloomington , Minnesota . The first victim was stabbed after he returned to the dressing room and confronted a man attempting to steal his belongings.
    GST Council eases filing norms till March 2018

    GST Council eases filing norms till March 2018

    Restaurants in hotels with rooms above Rs 7,500 per day would continue to pay 18 percent GST with the benefit of input credit. Friday's developments should hopefully be the start of making a fundamentally sound idea good in theory as well as practice.


Popular

OnePlus includes Qualcomm engineering app in phones, exposes root backdoor
The app provides users with root-level access to the phone without needing to unlock its bootloader, according to Engadget . Once the app was decompiled, a password was still needed for the app so that it would give root access to devices.

Russian Federation accuses U.S. coalition of hampering its anti-IS operation in Syria
In the corner of the image, however, a few letters of the developer's disclaimer can still be seen: "Development footage". The pictures turned out to be screenshots from a video game and old videos shot in Iraq .

Why a Star Wars game is making Reddit really mad
DICE also confirmed that they will be hosting a Reddit AMA on Wednesday to discuss key topics with players. Star Wars Battlefront II will be released for Xbox One, PC and Playstation 4 on November 17.

Broadcom after rejection: 'Fully committed' to Qualcomm buyout
The sources said Broadcom was preparing to submit a slate of directors by Qualcomm's December 8 nomination deadline. Last week, Broadcom made national news by offering Qualcomm $130 billion to acquire the company.

Iran ballistic missile programme non-negotiable
Tehran says it has no plans to build nuclear-capable missiles and the missile programme is for defence purposes. The move faced a serious backlash back then, including from France, which stated it would stick to the deal.

Hamlin eliminated from playoffs, Keselowski advances
Keselowski advances to the final round at the expense of Denny Hamlin , who had the best auto throughout much of Sunday's race. The No. 24 didn't quite spin Hamlin out, but the No. 11 got into the wall enough to wreck on his own just a few laps later.

Redskins WR Maurice Harris makes circus TD grab against Vikings
Latavius Murray also ran for a score as five players got into the end zone for Minnesota (7-2), which was 8 of 12 on third downs. Redskins: Visit the New Orleans Saints on Sunday in a game they now badly need to win given their upcoming schedule.

The Top 5 Heading Into The Weekend
And, to confirm your worst nightmares, the hero America deserves is healthy and suiting up under center for the Sooners. The 21-16 win against Duke moved Army to 8-2, the program's best record through 10 games since 1996.

Duterte Killed as Teen: Philippine President Claims Stabbing
Amnesty International accuses police of shooting dead defenceless people and paying assassins to murder addicts. Duterte reportedly looked serious when he was telling the story and advised to forget about human rights.

Google's AirDrop-like Files Go returns to the Play Store
Google already includes a cleanup utility in their Google Photos app , but this is much broader in choices and functionality. Once you've given Files Go the required access permission, you will be guided through a few additional steps.