Consumer Prices Rose 0.2% in February

Consumer Prices Rose 0.2% in February

In January, retail prices of vegetables rose almost 30%.

"While [the numbers] will look firmer in March as last year's drop in cell phone charges fall out of the calculation, inflation still won't be strong enough to warrant a more aggressive hiking path from the Fed than the three quarter point moves we expect this year", says Andrew Grantham of CIBC Economics. The headline number rose by 313,000 jobs last month, boosted by the largest rise in construction jobs since 2007, the Labor Department said.

February inflation fell to a 4-month low of 4.44 per cent - still above the RBI's target of 4 per cent - on cheaper food articles and lower cost for fuel.

The energy price index inched up by 0.1% in February after jumping by 3.0% in January, while food prices were unchanged. It then grew by 7.06 per cent in December and by 3.5 per cent in January 2017.

The tighter labour market is driving wages, which should mainly be reflected in higher prices for services.

Inflation fears have intensified this year after a report last month suggested wages were rising more quickly, which can push up prices.


(Kitco News) - Gold prices have turned positive on the day as markets digest a steady increase in USA inflation pressures.

In the women's sector, prices rose in all categories, led by a 4.8% increase in outerwear and a 2.4% hike in suits and separates, while prices for dresses were up 1.9% and tags for the underwear, nightwear, sportswear and accessories group were 1.1% higher.

Retail inflation eased for the second straight month in February to 4.4 per cent, while the factory output growth for January was at a two-month high of 7.5 per cent, according to a data released by the Central Statistics Office yesterday. 'As expected, CPI inflation eased to 4.44 percent in February 2018, compared to 5.07 percent in the previous month, with all the components witnessing a decline in prices except for health, clothing and footwear, transport and communication. Also, private sector data showed local passenger vehicle sales grew 7.8% in February from a year ago, highlighting steady demand in the economy.

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. It was much lower at 2.01 per cent in February 2017.

But, on a cumulative basis, the IIP expanded by 4.1 per cent between April and January 2017-18, which was lower than the 5 per cent growth in the same period a year ago.

"Looking ahead, we expect that industrial performance would be on a clear up-slope with both consumption and investment picking up pace during the year", CII Director General Chandrajit Banerjee said.

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