Wednesday, 22 May 2019
New York
U.K Inflation Stays Below Target on Computer Games, Cheaper Food
Wednesday, 17 April 2019 15:59 WIB | ECONOMY |Inflasi

U.K. inflation unexpectedly stayed below target last month as higher fuel prices were offset by the cost of food and computer games.

Annual consumer-price growth remained at 1.9 percent, its third month below the Bank of England™s 2 percent goal, the Office for National Statistics said Wednesday. Core inflation held at 1.8 percent.

The figures leave prices rising much more slowly than wages, a boost for consumers, whose spending drives the British economy. The lack of headline inflationary pressure gives policy makers breathing space to keep interest rates on hold until the Brexit crisis is resolved. 

Rising oil prices saw the cost of filling up a vehicle climb 1 percent last month, compared with a 1.3 percent decline a year earlier. 

But food costs fell 0.1 percent and the recreation and culture sector saw prices rise more slowly than they did in March 2018. This was driven by games, toys and hobbies as well as the cost of compact discs, videos and music downloads, the ONS said. 

Inflation in the services sector, seen as proxy for domestically generated inflation, held at 2.5 percent for a third month. Goods inflation remained at 1.3 percent. 

Pipeline cost pressures were also subdued. Producer input prices fell 0.2 percent from February and were up just 3.7 percent from a year earlier. Output prices rose 0.3 percent on the month for an annual gain of 2.4 percent. 

Brexit fears continued to take a toll on the property market, with annual house-price growth slowing to 0.6 percent in February, the least since September 2012. 

The worst-performing region was London, where property values declined 3.8 percent, the biggest annual drop since August 2009 when Britain was in the grip of the global financial crisis. 

Prices in the U.K. capital have fallen for four consecutive months and now stand at 460,000 pounds on average, the lowest level for three years. The fall was more pronounced in inner London boroughs, which declined 4.1 percent. Outer districts fell 1.1 percent. House prices in southeast England also posted an annual fall for the first time since 2011.

Source : Bloomberg

U.K. Inflation Climbs Above Target on Energy Costs, Air Fares...
Wednesday, 22 May 2019 15:50 WIB

Biaya energi dan transportasi mendorong inflasi Inggris kembali ke atas target bulan lalu. Harga konsumen naik 2,1% dari tahun sebelumnya, mengakhiri pembacaan inflasi tiga bulan di bawah sasaran Ban...

U.S. Retail Sales Unexpectedly Fall Amid Weak Auto Purchases...
Wednesday, 15 May 2019 19:53 WIB

Penjualan ritel A.S. secara tak terduga menurun pada bulan April untuk kedua kalinya dalam tiga bulan terakhir, terbebani oleh penjualan yang lambat pada sektor otomotif dan bahan bangunan dan menunju...

German Economy Rebounds From Stagnation With 0.4% Expansion...
Wednesday, 15 May 2019 13:30 WIB

Ekonomi Jerman keluar dari stagnasi pada awal 2019, kembali pada pertumbuhan meskipun ada penurunan dalam manufaktur yang terus mengganggu negara tersebut. Angka-angka, menunjukkan pertumbuhan sebesa...

Strong U.K. Wage Growth Continues Amid Tight Labor Market...
Tuesday, 14 May 2019 15:53 WIB

Buruh Inggris menikmati kebangkitan daya tawar ketika kekurangan tenaga kerja membuat perusahaan berjuang untuk mengisi pekerjaan. Gaji dasar naik 3,3% tahunan di kuartal pertama, mendekati laju terc...

US: Annual core CPI ticks up to 2.1% in April as expected...
Friday, 10 May 2019 19:46 WIB

Menurut laporan inflasi bulanan yang diterbitkan oleh Biro Statistik Tenaga Kerja AS, Indeks Harga Konsumen (IHK) tahunan di bulan April naik ke 2% dari 1,9% tetapi gagal memenuhi ekspektasi pasar 2,1...

Gold Rebounds as Persistent Trade Rift Sinks Equities

Gold futures rebounded from a two-week low, underpinned by weaker equities and a wavering dollar. Copper prices declined. Gold futures for June delivery +0.1% at $1,274.40/oz at 9:38am in N.Y. Price dropped to $1,269 on Tuesday, the...

Dow Slips at the Open as Stock Market Awaits Fed Minutes

U.S. stock benchmarks opened lower Wednesday morning as markets awaited the release of Federal Reserve minutes that could shed light on the central bank's outlook for interest rates amid Sino-America trade tensions. The Dow Jones Industrial...

Oil Prices Down on Swelling U.S. Stockpiles, Demand Concerns

Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States. However, analysts said oil markets remained tight amid...

Gold posts a modest rise after ending last week at a 2-week low
Tuesday, 21 May 2019 01:18 WIB

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and...

Gold Claws Up From Two-Week Lows as Dollar, Stocks Point Lower
Monday, 20 May 2019 18:49 WIB

Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday. A narrow...

Gold Ends at Nearly 3-Week Low as Dollar, Stocks Perk Up
Wednesday, 22 May 2019 01:36 WIB

Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to...

Gold Holds Weekly Drop as Dollar Steadies Amid Trade
Monday, 20 May 2019 15:50 WIB

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war. Spot...