Cheaper prices at the pumps pushed down US inflation for the first time in nine months in December. Statistics released today show the country’s consumer price index (CPI) dropped 0.1 percentage points last month to 1.9 per cent, making December’s fall the first since March. However, when stripping out changes to the price of food and energy inflation rose 0.2 per cent for the third month in a row. Oil prices have fallen globally since October, with international standard Brent crude down around 40 per cent since highs of $85. The price fell a further two per cent today following a week-long rally which saw it bounce back from year-lows of around $51 per barrel in December. Moderate inflation could lend support to the Federal Reserve’s policy on interest rate hikes. It is expected to increase rates twice this year. “The Fed will take this as further proof that price pressures are building more slowly than some have feared based on the strong growth of late and … [Read more...] about US inflation falls for first time since March as petrol prices drop
Inflation
First-week inflation rate stands at 0.5 percent: BI
Jakarta, (ANTARA News) - Bank Indonesia (BI) announced on Friday that inflation rate in the first week of January 2019 stood at 0.5 percent, bringing the year-on-year inflation to 3.03 percent. "The inflation rate is relatively good. The result of a survey conducted to monitor prices in the first week (of January 2019) shows the inflation rate was about 0.5 percent, bringing the year-on-year inflation to 3.03 percent," BI Deputy Governor Dody Budi Waluyo stated after the Friday prayers at the BI office complex here on Friday. The increase in prices of several commodities, including chicken, eggs, chili, and onion, contributed to the inflation. However, inflationary pressure from volatile foods was as relatively stable as the previous year, he remarked. "Compared to last year, no major change in the inflationary pressure was recorded," he said. BI remains optimistic that the inflation could be maintained in its target range of 2.5-4.5 percent. The central bank has also taken into … [Read more...] about First-week inflation rate stands at 0.5 percent: BI
China’s latest inflation report points to an economy that’s losing momentum
Chinese inflationary pressures decelerated sharply in December. Consumer prices grew at the slowest annual rate since June. Producer prices were even softer, increasing by the least since September 2016. The decline adds to evidence of a slowdown in the world’s second-largest economy. It may also have ramifications for global inflationary pressures. Chinese inflationary pressures eased sharply in December, adding to a lengthening list of indicators that point to a sharp loss of momentum in the world’s second-largest economy. According to China’s National Bureau of Statistics (NBS), consumer prices rose by 1.9% over the year, the smallest increase since June. Markets had been expecting an increase of 2.1% after prices rose by 2.2% in the year to November. Food prices grew by 2.5% over the year, faster than the 1.7% increase in non-food items over the same period. Making the deceleration in consumer prices look small in comparison, producer prices, also known as … [Read more...] about China’s latest inflation report points to an economy that’s losing momentum
Toyota recalls 1.7 million vehicles worldwide over air bag inflators
Toyota Motor Corp's logo is pictured on a car in Tokyo, Japan, November 8, 2016. REUTERS/Kim Kyung-Hoon WASHINGTON (Reuters) - Toyota Motor Corp (7203.T) said Wednesday it is recalling another 1.7 million vehicles worldwide for potentially faulty Takata air bag inflators as part of a multi-year industry recall campaign announced in 2016. Automakers are adding about 10 million vehicle inflators in the United States to what was already the largest-ever recall campaign in history. Last week, Ford Motor Co said it was recalling 953,000 vehicles worldwide for Takata inflators. Previously, 37 million U.S. vehicles with 50 million inflators were recalled and 16.7 million inflators remain to be replaced. At least 23 deaths worldwide have been linked to the rupturing of faulty Takata air bag inflators, including 15 in the United States. Toyota’s new recall relates to vehicles from the 2010 through 2015 model years, and includes 1.3 million vehicles in the United States. More than … [Read more...] about Toyota recalls 1.7 million vehicles worldwide over air bag inflators
Toyota recalling 1.3 million US vehicles for air bag inflators
Toyota Motor Corp's logo is pictured on a car in Tokyo, Japan, November 8, 2016. REUTERS/Kim Kyung-Hoon WASHINGTON (Reuters) - Toyota Motor Corp (7203.T) said Wednesday it is recalling another 1.3 million U.S. vehicles for potentially faulty Takata air bag inflators as part of a multi-year industry recall campaign announced in 2016. Automakers are adding about 10 million vehicle inflators to what was already the largest ever recall campaign in history and last week Ford Motor Co said it was recalling 953,000 vehicles worldwide for Takata inflators. Previously 37 million vehicles with 50 million inflators have been recalled and 16.7 million inflators remain to be replaced. At least 23 deaths worldwide have been linked to the rupturing of faulty Takata air bag inflators, including 15 in the United States. Reporting by David Shepardson, Editing by Franklin Paul … [Read more...] about Toyota recalling 1.3 million US vehicles for air bag inflators