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S. Korea inflation slows to 1.0% in February

South Korean consumer prices rose 1.0 percent in February as stable prices of farm produce helped keep inflation in check, state data showed Tuesday. The on-year increase in the consumer price index compared to 1.1 percent inflation posted in January, state-run Statistics Korea said. It was the 16th straight month that the inflation rate has remained below the central Bank of Korea's target of 2.5 to 3.5 percent.

U.S. consumer spending rises as wages boost family income

By Jason Lange WASHINGTON (Reuters) - U.S. household spending rose in August as incomes were buoyed by solid wage gains, signs that momentum could be growing in the economy despite months of harsh government austerity. American families spent 0.3 percent more last month than the month before, which was in line with expectations, Commerce Department data showed on Friday.

Norway sees faster rate hikes after inflation surge

OSLO (Reuters) - Norway's central bank brought forward the point at which it expects to raise interest rates to combat a surprising surge in inflation, but said on Thursday weaker growth would keep increases gradual. The bank, which as expected kept rates on hold at 1.5 percent, said its next hike will probably come in the summer of 2014, ahead of previous guidance for the end of 2014. Inflation is a full percentage point above the central bank's June forecast, hitting around 2.5 percent years before the bank said it would.

Indonesia February inflation accelerates to 5.31%

Indonesian inflation in February hit a 20-month high after government measures to limit commodity imports pushed up consumer prices, an official said Friday. Inflation rose 5.31 percent on-year, edging closer to the target range cap of 5.5 percent, while on-month inflation was 0.75 percent, slower than the four-year high recorded in January of 1.03 percent. "One cause of high inflation in February was the import restrictions on certain commodities, such as horticulture products, so the prices of goods have increased," Central Statistics Bureau chief Suryamin told reporters.

Indonesia January inflation rises to 4.57 percent

Indonesian inflation hit a four-year high on a monthly basis in January as food prices soared following severe flooding across the country, an official said on Friday. The monsoonal downpour pushed inflation to 1.03 percent last month from 0.54 percent in December, while it also accelerated to 4.57 percent year on year, from 4.3 percent, Central Statistics Bureau chief Suryamin said. "Bad weather in January caused some food prices to increase, including chillies and chicken. Food was the biggest driver of inflation last month," Suryamin told reporters.

UPDATE 1-Tanzania Dec inflation unchanged, misses target

* had aimed for inflation at 10 percent by year-end * Food prices to keep inflation high - analysts (Adds details, quotes) By Fumbuka Ng'wanakilala DAR ES SALAAM, Jan 15 (Reuters) - Tanzania's annual inflation rate stayed at 12.1 percent in December, missing the central bank's target for a fall to 10 percent by the end of the year, official data showed on Tuesday.
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