Connect to share and comment

UK inflation falls to lowest in over four years in March, house prices up strongly

LONDON (Reuters) - British inflation fell to its lowest in over four years in March, dipping further below the Bank of England's target and easing the pressure on Britons' living standards. Consumer prices rose 1.6 percent on the year in March, as expected in a Reuters poll, its lowest since October 2009. That was down from 1.7 percent in February.

India's industrial output grows slightly ahead of national elections that begin next month

MUMBAI, India - India's industrial production showed an unexpected, if slight, uptick of 0.1 per cent last month, ending a three-month fall, as elections loom in the world's most populous democracy. Figures released Wednesday also showed consumer inflation eased to 8.1 per cent in February, still considered high but a welcome relief from the double-digit levels of a few months ago.

S. Korea inflation edges down in December

South Korea's consumer prices edged down in December from the previous month, staying well below the central bank's target band, government data showed Tuesday. The consumer price index rose 1.1 percent on-year in December, down from a revised 1.2 percent in November, Statistics Korea said. Consumer prices for the full 2013 year rose 1.3 percent, far lower than the central Bank of Korea's targeted inflation band of 2.5-3.5 percent for this year. The bank has held its key policy rate at 2.5 percent since May.

Venezuela inflation data questioned as central bank seen losing autonomy

CARACAS, Venezuela - For three weeks Venezuelan economists have complained that the central bank is delaying delivery of its inflation report to hide the government's poor record of containing prices. Its release on Friday only fueled those suspicions.

China October inflation rises 3.2% on year

Chinese inflation accelerated slightly to 3.2 percent in October, the National Bureau of Statistics (NBS) said Saturday. The rise from the same month last year in the consumer price index (CPI), a main gauge of inflation, was a marginal increase from the 3.1 percent recorded in September and marks an eight-month high. kgo/ia

British official industrial output stagnates in July

Output by British industry was flat in July on a monthly basis, official data showed on Friday. Output was unchanged in July from the figure for June, the Office for National Statistics (ONS) said in a statement. But on a 12-month comparison, industrial output -- which includes mining and quarrying, electricity, gas and water supply -- shrank by 1.6 percent in July. The ONS added that manufacturing output, which excludes the above sectors, grew 0.2 percent in July from June. The measure fell 0.7 percent in July when compared with the same month last year.

Brazil inflation seen cooling, aided by bus fares retreat

By Asher Levine SAO PAULO (Reuters) - Easing food inflation and a drop in public transport fares in the wake of nationwide protests have likely helped Brazil's inflation return below the ceiling of an official target, a Reuters poll showed. The country's benchmark IPCA-15 consumer price index is seen rising 6.43 percent in the 12-month period through mid-July, below the 6.5 percent ceiling of the government's target and down from 6.67 percent in mid-June, according to the median of 16 forecasts.

Indonesian inflation accelerates to 5.90% in March

Indonesian inflation accelerated to 5.90 percent year-on-year in March, surpassing the upper limit of the central bank's target range due to an increase in food prices, official data showed Monday. The rise in the consumer price index was well above the bank's target range of 3.5 to 5.5 percent for this year, and quicker than the 5.31 percent recorded in February. The statistics office said the increase was driven by surging food prices after the government introduced measures several months ago to limit imports of some products.

British inflation climbs to 2.8% in February

British 12-month inflation rose to 2.8 percent in February on the back of rising domestic energy costs and transport prices, official data showed on Tuesday. "The Consumer Prices Index (CPI) annual inflation grew by 2.8 percent in February 2013, up from 2.7 percent in January," the Office for National Statistics (ONS) said in a statement. "The change in the rate follows four consecutive months when it stood at 2.7 percent." The Bank of England's government-set target rate meanwhile stands at 2.0 percent.

Intimidating debt collectors push Britons to suicide - report

By Costas Pitas LONDON, Jan 22 (Reuters) - Irresponsible lending and intimidating debt collectors are pushing thousands of people in Britain into depression and suicide, a report said on Wednesday and separate data showed more people are taking their own lives. Many people already struggling with the economic slowdown, wage freezes and benefit cuts were often overwhelmed by tactics used by some money lenders, including persistent phone calls and threatening letters, said the paper.
Syndicate content