The Consumer Price Index grew 0.2% in February on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. The CPI was up 2.2% in the 12 months through February, compared with 2.1% in January, while the core index increased 1.8% from a year earlier for a third month.
Meanwhile, Economic Affairs Secretary Subhash Chandra Garg opined that given the increase in IIP numbers, industrial growth would henceforth be 'strong and comprehensive now.' 'Consumer Price Index-based inflation moderates further in February. The index for all items barring food and energy advanced 0.2 percent after a 0.3 percent expansion in the preceding month.
Tame core goods prices (only 0.1% this month, and -0.5% yr/yr) continue to keep inflation at bay, a reflection of the remaining global economic slack offsetting a tightening USA economy.
Economists said that the seasonal trend of rising food prices may curtail the slide in food inflation going ahead that is likely to result in status quo by the RBI in its next policy meeting. The RBI targets inflation over the medium term at 4% with an upper limit of 6% and a lower threshold of 2%.
Gold prices rise the following inflation data and is near 1326.00 U.S Dollars per ounce. This followed a 0.5% January increase.
The food index was unchanged, while prices for food at home decreased 0.2%.
Has $5.22 Million Stake in Freeport-McMoRan Inc (NYSE:FCX) Real Peter also sold $402,882 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by SICCHITANO KENTON J on Friday, January 12. RBC Capital Markets maintained Freeport-McMoRan Inc. (NYSE: FCX ). 2.02M were reported by Polar Limited Liability Partnership.
Chevron (NYSE:CVX) Upgraded by BNP Paribas to Neutral South Texas Money Mngmt Ltd holds 363,627 shares or 2.03% of its portfolio. 288,000 were accumulated by Armistice Capital Limited. After $0.73 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 105.48% EPS growth.
Clothing prices rose sharply for the second straight month in February, and rents, vehicle insurance and airline fares also increased. The Federal Reserve tracks a different index, the personal consumption expenditures price index excluding food and energy, which has consistently undershot the central bank's 2 percent target since mid-2012.
Industrial production grow at a high rate of 7.5 per cent in January 2018 against 3.5 per cent in the year-ago month on the back of firm manufacturing sector coupled with higher offtake of consumer and capital goods. Here though, the 12-month pace should pick up to 2.5% year over year from 2.2%.
The U.S. NFIB small-business confidence index strengthened to a record high of 107.6 for February from 106.9 in the previous month.
Higher growth and a low base effect in capital goods and consumer durables supported the rise in industrial growth for January. The potential for four rate increases this year also held steady at around 25%. The weekly average was up from 78.60 per pound the week before and further above the 74.84 cents per pound reported the corresponding period a year ago, USDA said.
A survey of small businesses published on Tuesday showed the share of owners reporting higher selling prices in February hit its highest level since July 2014.
Fuel and light inflation stood at 6.8 per cent, compared with 7.58 per cent in January, while housing inflation stood at 8.28 per cent, from 8.33 per cent the previous month.
Google Maps provides real-time Global Positioning System navigation, traffic, transit, and details about millions of places. The Plus Codes concept divides the address into tiny "tiled areas" and assigns a unique code to each place.
As his condition worsened, he had to resort to speaking through a voice synthesiser and communicating by moving his eyebrows. He called the episode "very amusing and now nearly as many people know me through " The Simpsons " as through my science".
Moreover, Abner Herrman Brock Ltd Liability Company has 1.5% invested in Celgene Corporation (NASDAQ:CELG) for 58,134 shares. Bnp Paribas Arbitrage Sa owns 0% invested in Quanex Building Products Corporation (NYSE:NX) for 18,062 shares.
Embattled Secretary of Veterans Affairs David Shulkin is likely to be the next high ranking administration official to be fired. He was promoted to head the agency when President Donald Trump took office.
Fans have even pointed at some resemblance between Iris and the mystery girl suggesting that they both talk fast when nervous. Patton said she only learned about the episode right before it was shot, giving her little time to prepare.
No matter who the Jets pick, they'll need to cultivate a good young quarterback, something they have failed to do for years. As the Redskins' signal caller, the former Pro-Bowler set single-season franchise records for passing yards multiple times.
Authorities said revised expectations for Tuesday's storm were below the 1/4-inch-per-hour rainfall threshold for debris flows. Red Cross has established an evacuation center at Goleta Valley Community Center, 5679 Hollister Ave., Goleta, CA 93117.
Aiko and the rapper had been together for over four months, following Aiko's divorce from former husband, producer Dot Da Genius . Though she admitted to seeing another man while in a relationship, she didn't betray her ex-husband.
Don Harmon (D-Oak Park) did not mince his words either, imploring Rauner to sign a bill Harmon has worked to pass for 16 years. The measure passed the Democratic-controlled legislature just days after the mass shooting at a Parkland, Fla., high school.
At least 40 people have died in clashes along the border with Arunachal Pradesh, Nagaland, Meghalaya and Mizoram since the 1960s. The MZP alleged lathicharge and firing by the police that injured 49 persons, including students and journalists.
The defeat at Villa doesn't mean so much now, especially after they lost, so we are in a good position. I blame myself because I always thought it would be hard to get the bandwagon rolling again.
BJP releases list of 18 RS nominees
Rane will contest from Maharashtra , Chandrasekhar from Karnataka , Baluni from Uttarakhand, Pande from Chhattisgarh. However, the move to field four candidates can create trouble for Congress candidates if voting takes place.
Portland fire evacuees allowed to return home
Portland Public Schools evacuated about 115 students from its Sacajawea Head Start to Scott School where they can be picked up. Air quality has returned to normal and all evacuation orders have been lifted in the area of a huge Northeast Portland fire.
Grab offering loans, insurance with new fintech platform
The firm said its taxi app alone generates more than 5 million micro-entrepreneurs, including 2.6 million drivers. We want to ensure our driver-partners' hard work pays off and that their income and livelihoods are protected.
Buveur D'Air toughs it out to cling on to title
Footpad's performance was hard viewing for trainer Mullins who watched on anxiously as his charge staged his heroic comeback. He added: "He's very good - you don't win them back to back unless you are very good".
Rajya Sabha adjourned till 2 pm
After both the houses were adjourned early on the day, Congress hit back at BJP. The House was first adjourned until 2 pm, and later for the day.
Speculation on Why Ronda Rousey Missed Monday's RAW
It was surprising to see viewership increase to such a large degree, but that means WWE did something right on Monday. A report from ESPN was quickly releasedafterwards with Rousey saying she'd signed a multi-year deal with the company.
National Geographic magazine acknowledges its racist past
The magazine also used to repeatedly refer to people of different cultures as "savages", "unintelligent", and "unsophisticated". Important words for magazine writers, editors, publishers and readers to keep in mind, at National Geographic and beyond.
Heather Locklear charged with four counts of battery
United States actress Heather Locklear has been charged with several counts of battery against a sheriff's officer. This undated booking photo provided by the Ventura County Sheriff's Office shows actress Heather Locklear .
NCAA Tournament LIU Brooklyn vs. Radford
Hicks picked up his fourth foul with nine minutes remaining in the game with Radford up 53-46. The NCAA Tournament gets underway tonight with the " First Four " in Dayton.
Roma knock Shakhtar out of Champions League
Dzeko came close to doubling his tally just ten minutes later, but his effort drifted wide of the post. Antonio Conte could make that four with his Chelsea side face Barcelona on Wednesday.