Monday, 16 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.K. Inflation Climbs Above Target on Energy Costs, Air Fares
Wednesday, 22 May 2019 15:50 WIB | ECONOMY |Ekonomi inggris

Energy and transport costs pushed U.K. inflation back above target last month.

Consumer prices rose 2.1% from a year earlier, ending a three- month spell of inflation below the Bank of England™s 2 percent goal, Office for National Statistics figures published Wednesday show. The figure was slightly below the 2.2% forecast by economists.

The pickup, from 1.9% in March, was driven by the lifting of the government cap on default energy tariffs. Electricity prices jumped 10.9% and gas increased 9.3%, dwarfing increases seen a year earlier.

There was also upward pressure from higher auto-fuel prices, while Easter boosted transport costs, air fares in particular. The four-day vacation began on April 19, three weeks later than it did last year. The largest offsetting factor came from cheaper computer games.

The widely-anticipated inflation spike is expected to prove temporary, however, with the BOE predicting a return to target this month. Core inflation stayed at 1.8%, giving officials breathing space to keep interest rates on hold amid the continuing Brexit deadlock.

Source : Bloomberg

RELATED NEWS
US: Retail sales rose 0.4% in August vs. 0.2% expected...
Friday, 13 September 2019 19:46 WIB

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of...

U.S. Core Inflation Picks Up More Than Forecast to One-Year High...
Thursday, 12 September 2019 19:47 WIB

A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that m...

U.K. Recession Threat Recedes as Economy Posts Solid July Growth...
Monday, 9 September 2019 15:57 WIB

The U.K. economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain was facing a possible pre-Brexit recession. Gross domestic ...

U.S. Payrolls Rise 130,000, Boosted by 25,000 for Census Count...
Friday, 6 September 2019 19:59 WIB

U.S. companies' hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook. Pr...

US: ADP Employment Change Jumps to 195K in August vs. 149K Expected...
Thursday, 5 September 2019 19:33 WIB

The data published by the Automatic Data Processing (ADP) showed that employment in the private sector in August increased by 195,000 following July's 142,000 (revised from 156,000) reading and surpas...

LATEST NEWS
Hong Kong shares finish sharply lower

Hong Kong shares fell on Monday following last week's healthy gains, while investors were also spooked by fresh violent protests in the city and data further highlighting weakness in the Chinese economy. The Hang Seng Index lost 0.83 percent, or...

Saham Eropa melemah terkait ketegangan geopolitik; Saham minyak dan gas melonjak 3%

Saham Eropa dibuka lebih rendah pada Senin pagi karena investor mencerna peningkatan ketegangan di Timur Tengah setelah serangan terhadap produksi minyak Saudi. Pan-European Stoxx 600 tergelincir 0,5% di level 389,82 pada menit-menit awal...

Oil soars after attack on Saudi plants shuts in 5% of global supply

Oil prices soared on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut about 5% of global supply. Brent crude futures, the...

POPULAR NEWS
Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings
Monday, 16 September 2019 13:17 WIB

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted...

Oil soars after attack on Saudi plants shuts in 5% of global supply
Monday, 16 September 2019 13:20 WIB

Oil prices soared on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi...

Hong Kong Demonstrators Clash with Police on 99th Day of Protests
Monday, 16 September 2019 10:47 WIB

Anti-government protesters clashed with police in Hong Kong again on Sunday, with demonstrators hurling rocks and Molotov cocktails at authorities...

Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet
Monday, 16 September 2019 08:21 WIB

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with...