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techkenyot.com October 21, 2017


Bulgarian inflation quickens to 2.1 pct y/y in September

13 October 2017, 10:07 | Hattie Nash

India Consumer Price Inflation Steady In September

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Meanwhile, Core CPI rose 0.1% month-over-month in September, below the prior month's reading of 0.2%, and below expectations of 0.2%.

Consumer prices edged up 0.2 percent on a monthly basis in September after edging up 0.1 percent in August, the office said.

Much of the rise was due to a sharp rise in gasoline prices. Prices for food at home were unchanged, while food away from home grew 0.3%.

Salman Khan Is Not Playing A Baddie In Race 3
Producer Ramesh Taurani and Bobby have worked together in "Soldier", "Naqaab" and are all set to rekindle their collaboration. Khan will be seen in a grey character and the film is expected to release in the festive season of Eid, next year.

Excluding volatile food and energy costs, so-called core prices increased 0.1%.

We have now seen misses in this series during six of the last seven months and while the Fed will surely stress the "mysterious" nature of low inflation, we are increasingly concerned that the FOMC's insistence on pushing toward a December rate hike risks a policy-error, but we're getting as exhausted of saying that as others are surely of hearing it.

Headline retail sales growth was up 1.6% month-over-month when 1.9% growth was expected. Other major energy component indexes were mixed, and the food index rose slightly.

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Over the last 12 months, the all-items index rose 2.2%. Core prices have risen at that same annual rate since May. Officials were split on whether to hike rates for the third time this year, which would likely be in December.

Market watchers were looking to Friday's inflation data for flickers of growth after the minutes of the Federal Reserve's policy meeting in September, which were released earlier this week, showed that many Fed officials are concerned that inflation will remain lower for longer. These increases more than offset declines in the indexes for new vehicles, household furnishings and operations, medical care, and used cars and trucks.

The U.S. dollar snapped a losing streak on Thursday in the wake of solid U.S. economic data but U.S. Treasury yields dipped and Wall Street stock indexes were largely unchanged as earnings season kicked off with a whimper.

Terrorism threat: France will keep the border controls until 30 April
The Interior Ministry cited fears of a terrorist attack and unbridled migration for the prolonged checks. France said its policy on border checks would stand until April 30 2018.

The dollar index, a measure of the greenback's relative strength against a basket of its chief rivals, fell 0.3% to 92.78. Based on the Labor Department data, it's expected that the Social Security Administration will announce a roughly 2.0% increase in monthly benefit payments next year.



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