Culture&Arts

Inflation falls to 4.4 per cent, factory growth rises

Inflation falls to 4.4 per cent, factory growth rises

Tuesday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0.2% in February, after increasing 0.5% in January.

In February, consumer food price index softened to 3.26 per cent as against 4.7 per cent in January.

As manufacturing picked up pace, India's factory production growth in January at 7.5 per cent doubled over the 3.5 recorded in the same month past year, even as retail inflation eased in February, official data showed on Monday. For core CPI, we expect some reversal of the strength in January and forecast an increase of 0.1% m/m and 1.7% y/y.

USA consumer prices continued to firm in February, indicating inflation is creeping up toward the Federal Reserve's target without the kind of breakout that would warrant a faster pace of interest-rate hikes. Economists polled by Bloomberg News had expected an annual reading of 4.7%. The RBI targets inflation over the medium term at 4% with an upper limit of 6% and a lower threshold of 2%. The price of vegetables has risen by 17.57% in February compared to the corresponding period in 2017 while the price of eggs rose 8.51%, and that of milk and related products increased 3.83%. It grew by 8.7 percent during the month as compared to 2.5 percent in January 2017, showing signs of recovery in the economy. From 5.1 percent in January it comes down to 4.4 percent.

Analysts said the CPI data, combined with last week's tepid wage growth, eased investors' nervousness over a higher inflation, which could force the Federal Reserve to quicken its step down the path to normalization of its monetary policy. Similarly, inflation in the fuel and light segment slowed to 6.8% from 7.73% over the same period.




In contrast, the indexes for communication, new vehicles, medical care, and used cars and trucks declined over the month.

The general index for the month of January 2018 stood at 132.3, thus registering a 7.5 percent growth as compared to January 2017.

Last week's jobs report, which showed that employers added 313,000 jobs, the most in 1 1/2 years, indicated that such an acceleration may be happening.

Capital goods, a barometer of investments, showed a sharp increase in output by 14.6 per cent in January 2018 against a decline of 0.6 per cent year ago. The NFIB survey also showed almost a third of owners reported raising compensation to retain or attract workers last month, the largest share in more than 17 years.

In addition, the higher oil price not only directly increases energy prices but also indirectly works to make transportation more expensive.


  • ICE spokesperson resigns after refusing to perpetuate Trump administration's fake news

    ICE spokesperson resigns after refusing to perpetuate Trump administration's fake news

    Trump administration officials have since claimed that her warning led to " 864 criminal aliens " remaining "at large in the community".
    Claire Foy made less money than Matt Smith on 'The Crown'

    Claire Foy made less money than Matt Smith on 'The Crown'

    The show will not let it happen again, said Suzanne Mackie , creative director of the show's production company, Left Bank. Helena Bonham Carter will replace Vanessa Kirby as Princess Margaret , the queen's rebellious younger sister.
    Aditya narayan arrested for rash driving

    Aditya narayan arrested for rash driving

    However, an officer from Versova police station confirmed that Narayan was later given bail from the police station. Whether the injuries are life-threatening or not, I will not comment on that as the doctors are treating them.
  • NCAA tournament First Four 2018: UCLA vs

    NCAA tournament First Four 2018: UCLA vs

    Bonaventure is back in the NCAA Tournament for the first time since 2012 after securing its first at-large bid since 2000. Bonaventure is driven by the guard play of seniors Jaylen Adams (19.8 points per game) and Matt Mobley (18.5).
    Nicole Kidman to Star in HBO Limited Series The Undoing

    Nicole Kidman to Star in HBO Limited Series The Undoing

    It won 8 Primetime Emmy Awards out of 16 nominations, including Outstanding Lead Actress in a Limited Series or Movie for Kidman . The Undoing , considering the creative team behind it and the inclusion of Nicole Kidman , already looks like a victor .
    Malcolm Butler is off the market after choosing Titans over Lions

    Malcolm Butler is off the market after choosing Titans over Lions

    It only makes sense that such a Patriots-heavy brain trust would both aggressively pursue Butler and then succeed in landing him. Butler was released by the Patriots after a season in which he tallied 55 tackles, two interceptions and 12 passes defensed.
  • BJP releases list of 18 RS nominees

    BJP releases list of 18 RS nominees

    The fluid political situation in Bihar , where there was a possibility of a seventh candidate, seems to have helped Akhilesh. Valera filed his nomination as an independent candidate with the support of 10 Congress MLAs, PTI reported citing sources.
    CDC: Missing employee received early promotion

    CDC: Missing employee received early promotion

    If you have any information which could be helpful. please call 911 or the Atlanta Police Department at (404) 546-4235. The unusual circumstances surrounding Cunningham's disappearance have continued to baffle authorities.
    Volkswagen Group Announces 9 New Electric Vehicles For 2018

    Volkswagen Group Announces 9 New Electric Vehicles For 2018

    Taken together the investments should help Volkswagen produce its planned 3 million electric cars a year by 2025. Volkswagen plans to launch the first full MEB auto , the I.D. hatch, in 2020 as the leader for an entire I.D.
  • Can legislators practice law? Supreme Court notice to BCI

    Can legislators practice law? Supreme Court notice to BCI

    He had said that foreign lawyers should be allowed to come to India if Indian lawyers wanted the privilege of doing so in other countries.
    President Trump floats military 'Space Force' idea

    President Trump floats military 'Space Force' idea

    It's unclear if Trump's Space Force would be any similar to what the Space Crops was meant to be. President Donald Trump wants a 'space force '. "Think of that.
    Ryan, Johnson speak out against Trump tariffs

    Ryan, Johnson speak out against Trump tariffs

    Chairman of the Senate Finance Committee Orrin Hatch, a Republican from Utah, has expressed his opposition to the Trump tariffs. Flake, whom many speculate has his own presidential ambitions, did not indicate whether he meant to be that challenger.