China’s inflation rate jumps to highest reading since November 2018 March 10, 2021 Overnight, China’s PPI rate swung from 0.3 per cent in January to 1.7 per cent in February, its highest reading since November 2018. The surge in prices at the factory level adds weight to the argument that higher inflation is in the pipeline as increases in costs at the factory level are likely to be passed on to [...]
US braces for higher inflation amid pandemic recovery, warns Fed February 17, 2021 The US is trialling ways of bracing the American public for higher inflation rates as a fresh presidency attempts to heal an economy crippled by the ongoing pandemic, according to the Federal Reserve. Minutes released today from a lengthy policy meeting held by the US central bank last month revealed that Fed officials were prepared [...]
UK CPI creeps up during January lockdown February 17, 2021 The UK’s Consumer Prices Index was 0.7 per cent in January, the Office for National Statistics said on Wednesday. Rising prices for food, transport and household goods helped to drive the increase. January’s figure was up slightly from December’s reading of 0.6 per cent despite a return to national lockdown restrictions. Inflation remains a long [...]
Some City investors are starting to get nervous about inflation February 16, 2021 The UK will release new inflation data later this week, but if recent investor comments and analyst notes are anything to go by, it is becoming increasingly clear that some within the investment community are starting to get nervous about inflation. According to last month’s figures by the Office for National Statistics (ONS), the UK’s annual [...]
Covid restrictions drive online food shopping to record high as customers eat in to help out February 2, 2021 Online grocery shopping hit a record 14 per cent share of the UK grocery market in January, as customers bought more food to enjoy from home. The growth was boosted by a 229 per cent year-on-year rise in online spending by retired households. Supermarkets saw sales growth accelerate to 12.2 per cent in the last [...]
UK inflation doubles in a month as transport prices rise January 20, 2021 UK inflation doubled in December as prices rose during the festive period, the Office for National Statistics has announced. Prices in the run-up to Christmas were up 0.6 percent compared to a year earlier and rose from 0.3 per cent in November. Higher prices for transport, recreation and culture were flagged by statisticians, despite food [...]
The zombie token apocalypse lurches on January 14, 2021 Each week, another crypto project ‘moons,’ and many more leave bag holders ‘rekt,’ ever wonder what’s behind these sudden moves? The Initial Coin Offering (ICO) era reminds many people of scams, over-inflated valuations at launch, and dead on arrival projects that rely on market makers to appear alive, which is akin to an overextended billionaire [...]
Retailers slash prices in December to tempt shoppers after bruising year January 6, 2021 Retailers slashed prices in December to tempt shoppers to spend in the run-up to Christmas following a challenging year for the beleaguered UK high street. Shop prices fell 1.8 per cent last month – the same rate of decline as in November – driven by discounting among the firms hit hardest by the pandemic, such [...]
UK inflation drops to 0.3 per cent as clothes and food prices sink December 16, 2020 The UK’s inflation rate fell sharply to 0.3 per cent as food and clothes prices eased during England’s month-long lockdown, according to the latest official figures. The headline CPI rate sank from 0.7 per cent in October to 0.3 per cent in November, data from the Office for National Statistics (ONS) showed. Clothes and footwear [...]
Before the Bell: Flash PMIs and Federal Reserve in focus December 16, 2020 The pound had a pretty good day yesterday as optimism grows that a UK/EU deal on trade could well be within reach after some positive comments from Irish PM Micheal Martin. “While we’ve been here many times before, the prospect of an imminent deadline can help concentrate minds, and despite some push back over fear [...]