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Loya case: CM Yogi Adityanath asks Rahul Gandhi to apologise
Core Inflation Accelerates As Shelter Costs Jump
12 January 2018, 05:03 | Joann Bryant
Inflation at 17-month high, rises to 5.21 pc in Dec, 2017
However, economists believe the central bank may be forced to accelerate that pace if there are hints that inflation is beginning to rise more rapidly, given that unemployment continues to hover at 17-year lows.
Analysts polled by Reuters had predicted December's consumer inflation rate would climb to 5.10 percent, the highest since July 2016, from 4.88 percent in November.
The inflation, based on monthly WPI (Wholesale Price Index), rose to eight-month high of 3.93 per cent for November on the back of rise in food and fuel prices. The reports likely keep the Federal Reserve on course to raise interest rates at least three times this year.
"The rise in housing inflation is likely to be persistent, while rising crude oil prices pose another risk".
The pickup in the core CPI data may help reinforce expectations that the Fed is making progress on stable inflation, one of its twin goals along with maximum employment. "However, the reversal of other transient factors such as the expected seasonal moderation in food prices may help to cool inflation", Aditi Nayar, Principal Economist at ICRA said.
According to data released by Central Statistics Office (CSO), the inflation rate for the last month was mainly driven by steep hike in food and fuel prices.
Taylor Swift goes for drunk kebab in new music video
On Thursday morning, January 11, a snippet of the music video was teased on Good Morning America at a commercial break. After all, they did help collaborate on the track and helped make it one of the biggest hits of Swift's album.
Ellen Degeneres Shares Heartbreaking News With Audiences
Ellen then showed a picture of her father with her when she was a child, and explained he had lived a "good long life". Ellen's moving posts clearly struck a chord, with a number of her 50 million fans on the social networking site.
Trump comments on NAFTA negotiations
President Donald Trump will abandon renegotiation talks and announce that he is initiating the withdrawal process from NAFTA . Freeland insisted NAFTA talks are on a separate track from the ongoing dispute with the US over softwood lumber.
New Switch ports and video games announced in Nintendo Direct
SNK Heroines Tag Team Frenzy SNK Heroines Tag Team Frenzy will only feature female fighters from SNK's number of fighting games. Wave 1 of the Battle Pack contains Battle Pokémon Aegislash and a new Support Pokémon Set featuring Mega Rayquaza and Mimikyu.
All jewels stolen from Paris's Ritz hotel recovered
Three suspects are in police custody and will continue to be held for an extended 24 hours, a judicial source told CNN . The motorcyclist, however, dropped one satchel of loot after hitting a pedestrian in a melee fleeing the scene.
PUBG Has Now Surpassed 3 Million Players on Xbox One
The Co-op Podcast will always be free, but with your help, we can make our podcasts and content even better. One of those updates was enabling an adjustment for the aim acceleration feature through in-game option.
Ed Sheeran sued for ripping off another song (again)
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Brennan: Allison Janney misguided in defense of Tonya Harding
Vincent Almavy, AFP U.S. figure skater Tonya Harding reads from a prepared text during a press conference. "I've been busy. Kerrigan, meanwhile, found the mental and physical mettle to come back from that attack and skate the program of her life.
Uber used tech tool to shield data from police outside US
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