United States consumer inflation up 0.4 pct due to surging gasoline prices

13 December, 2017, 16:35 | Author: Regina Silva
  • The Producer Price Index which tracks changes in the costs of wholesale goods and services rose 0.4 percent in November

Wholesale prices rose 0.4 percent in November, driving the year-to-date increase to 3.1 percent - the biggest annual jump in almost six years, the Labor Department said Tuesday. In the 12 months through November, the price of doctor visits fell 1.8 per cent, the biggest decline since records started in 1947.

The Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, has consistently undershot the USA central bank's 2 per cent target for nearly 5-1/2 years.

The Department of Labour said Wednesday that November's data means the annual inflation rate hit 2.2 per cent for the 12-month period. There are concerns among some policymakers that the factors behind the tame inflation could prove more persistent.

Prices for U.S. Treasuries rose on the core CPI data, while the dollar fell against a basket of currencies.

The Fed officials were due to gather for a two-day policy meeting starting later yesterday. The unemployment rate is at a 17-year low 4.1 per cent.

Will Shares of Duke Realty Corporation (DRE) Keep Inching Downward?
Navellier & Associates Inc sold 25,328 shares as Getty Realty Corp. (NYSE:SLG) earned "Outperform" rating by Robert W. The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties.

The Smithereens Singer Pat DiNizio Has Passed Away
The New Jersey guitarist and singer and songwriter had been beset by health problems in recent years, according to Variety . Senate, died Tuesday at 62, the band announced. "Please keep Pat in your thoughts and prayers", the post continued.

No chanting mantras, ringing bells in the vicinity of Amarnath cave,…
The cave itself is covered with snow most of the year except for a short period of time in summer when it is open for pilgrims. Hence, the shrine board must consider making a storeroom where people can keep their belongings, said the tribunal.

Mounting gasoline prices helped drive US consumer inflation higher in November, pushing the annual measure above the USA central bank's target, according to a government report Wednesday.

The central bank tracks the personal consumption expenditures (PCE) price index excluding food and energy, which has undershot the Fed's 2 per cent target for almost 5-1/2 years. The core CPI is seen rising 0.2 per cent for a second straight month.

The index for final demand goods advanced 1.0% in November, the fourth consecutive increase.

Costs of light trucks, pharmaceuticals, beef and residential electric power also moved higher. Prices for passenger cars accelerated 0.5 per cent last month, the largest increase since December 2016, after being unchanged in October. Housing prices rose 0.2 percent. That increase was paced by a 15.8 percent surge in gasoline costs, the sharpest one-month gain in gasoline prices since an 18.6 percent jump in August 2009. Those costs feed into the Fed's preferred core PCE price index.


  • Dakota Johnson And Chris Martin Are Officially Dating

    Dakota Johnson And Chris Martin Are Officially Dating

    Rumors continue to swirl about the nature of their relationship, though there's been no confirmation from either party. The report makes sense, given all the times the two have been spotted together in public over the past two months.

    Laredo Petroleum (LPI) Receiving Somewhat Favorable News Coverage, Analysis Finds

    BNP Paribas Arbitrage SA's holdings in Laredo Petroleum were worth $355,000 at the end of the most recent quarter. (NYSE:LPI). Electronic Arts Inc. (EA) have shown a high EPS growth of 68.60% in the last 5 years and has earnings decline of -12.10% yoy.

    'Today' Show Ratings Are Way Up After Matt Lauer's Firing

    Currently, Savannah Guthrie and Hoda Kotb are co-hosting " Today ", but it is not known whether that arrangement will be permanent.
  • Delhi govt to pay for accident treatment

    The scheme was approved in a Cabinet meeting which was chaired by Chief Minister Arvind Kejriwal. However, officials said rushing a patient to a hospital was the first step.
    TN cop shot dead while chasing thieves in Rajasthan, another critical

    TN cop shot dead while chasing thieves in Rajasthan, another critical

    The robbers had escaped with 3.5 kilograms gold, 4.5 kg silver, Rs 2 lakh in cash and the CCTV cameras installed in the shop. Another police officer named Muni Sekar was also injured in the shootout and is admitted to Imam hospital in Rajasthan.
    LeBron James dishes nasty behind-the-back assist

    LeBron James dishes nasty behind-the-back assist

    One of the main reasons for that was sharpshooter Kyle Korver , who had 19 points with six conversions from downtown. In the easy win over the Hawks, the four-time Most Valuable Player got plenty of help in the scoring column.
  • After first round, confident of winning Gujarat: Rahul Gandhi

    After first round, confident of winning Gujarat: Rahul Gandhi

    Gandhi, who will formally take over as party president later this week, said he believes in the truth and speaks the truth. Modi also asserted that the victory of BJP is a guarantee for a bright future.
    Rock And Roll Hall Of Fame: 2018 Inductees Revealed - Bon Jovi & More

    Rock And Roll Hall Of Fame: 2018 Inductees Revealed - Bon Jovi & More

    The rest of the top five fan vote winners were Moody Blues (950k), Dire Straits (616k), The Cars (553k) and Judas Priest (539k). All of the inductees had to have released their first recording no later than 1992 to be eligible.
    Texans' QB twitches on ground after hit, stays in game

    Texans' QB twitches on ground after hit, stays in game

    Eventually, it was announced that Savage was out with a concussion . " Tom Savage was twitching after that hit". The 49ers-Texans game nearly broke the Internet, and not because of Jimmy Garoppolo's light blue plaid suit.
  • Egyptian singer jailed for music video 'inciting debauchery'

    Egyptian singer jailed for music video 'inciting debauchery'

    In a Facebook post at the time, Shyma apologised for the video and said she had not anticipated the backlash. They were also accused of debauchery, harming public morality and other similar charges.
    Check Out the UPS Holiday Shipping Deadlines 2017

    Check Out the UPS Holiday Shipping Deadlines 2017

    If you want to go with standard shipping, get your packages to the post office by tomorrow - or by Friday if you're sending mail by FedEx .
    Top Google Searches Of 2017

    Top Google Searches Of 2017

    In other categories, Dunkirk was the most searched for movie while when it came to recipes, Spaghetti Bolognese topped the list. The lists, according to Google, are compiled based on search terms that had a high spike in traffic in 2017, compared to 2016.


After 14 months, a new and improved New Shepard flies again
However, it continued to fly and then successfully landed, along with the crew capsule, which was the primary goal of the test. Blue Origin , which is run by billionaire Amazon.com founder Jeff Bezos, has not released any information about the test.

Trump's Jerusalem Move Proves US Unable to Ever Be 'Honest Mediator' - Rouhani
Rohan had joined a USA -based sect called "The Church of God" and believed that setting fire to Al-Aqsa would hasten the coming of the Messiah.

Comerica Securities Trimmed Exxon Mobil (XOM) Position; Ultragenyx Pharmaceutical Has 1.19 Sentiment
The stock has a market cap of $350,239.19, a price-to-earnings ratio of 23.22, a P/E/G ratio of 1.73 and a beta of 0.83. The firm owned 59,037,058 shares of the company's stock after buying an additional 2,037,486 shares during the period.

Man charged with attempted murder after ISP trooper shot in head
Trooper Evans was transported to the University of Louisville Hospital in Louisville, KY with non-life threatening injuries. Sources at the scene say the trooper returned fire and hit the suspect, who was then taken into custody.

Dixons Carphone to overhaul its mobile business after profits slump
Mr James also said the firm is considering taking bitcoin payments for its products, but added that it is now too early to do so. Amid the news of a restructuring of its mobile business arm, Dixons Carphone have jumped 4.36 percent, as of 10.50AM (GMT).

Tyson Fury free to resume boxing career
After a successful UK Anti-Doping hearing, the first step of Tyson Fury's long journey back to the ring is behind him. . Hughie Fury, 23, is not under any restrictions from the Board.

Horn wins WBO welterweight title defense against Corcoran
Corcoran's work rate had slowed down by then, and Horn was able to land and move out of Corcoran's punching range consistently. Corcoran's left eye bleeding from Horn's left hooks. "If that's what everyone wants to see, that's what's gonna happen".

Android 8.0 Oreo beta build for the Nokia 5 is now available
The company started looking for Android Oreo beta testers for the phone through its Mi Community in India as well as globally. The Xiaomi Mi A1 recently received a permanent price cut and is now available for Rs. 13999 on Flipkart and mi.com.

The Voice results: Did Red Marlow, Noah Mac make season 13 finale?
Before finding out who will sing for the Instant Save, we get to see a stunning performance from The Voice: Neon Dreams cast. The top eight contestants on The Voice are waiting to hear who makes it into the top four for next week's season finale.

Prince Harry's fiancee Meghan Markle to spend Christmas with United Kingdom royals
The author behind the controversial biography, Princess Diana: In Her Own Words , has now made Meghan Markle his newest subject. TV legal drama " Suits ", announced their engagement with the marriage to take place at Windsor Castle in May next year.