US inflation rate climbs to highest since 2014 January 20, 2016 US inflation climbed to a rate of 0.7 per cent in December from 0.5 per cent the month before, according to figures released today. The US Bureau of Labor Statisitcs said inflation – as measured by the year-on-year change in the consumer price index – said average food prices had climbed 0.8 per cent while energy prices had [...]
Sterling’s gains wiped as Bank of England governor Mark Carney says now is not the time for an interest rate hike January 19, 2016 The pound lost over half a cent against the dollar today, erasing earlier gains, as Bank of England governor Mark Carney said now is not the time to raise rates. Last summer Carney said the decision on whether to raise interest rates from record lows "would likely come into sharper relief around the turn of the year." "Well [...]
Eurozone inflation climbs to highest rate since July January 19, 2016 Annual inflation in the Eurozone rose to 0.2 per cent in December, according to figures released this morning. December's inflation rate is the highest since July with November's inflation rate revised down to 0.1 per cent from 0.2 per cent. The figures from Eurostat, the statistical office of the European Union, confirm an earlier estimate of [...]
Inflation nudges up to 0.2 per cent as air fares rise – but cheap food and alcohol push CPI down January 19, 2016 Inflation rose 0.2 per cent in December – the first month in almost a year – although still far from the UK's target of two per cent. This is the first month since January 2015 that the rate has been higher than 0.1 per cent. The Consumer Price Index was nudged up by transport costs, particularly [...]
Holland & Barrett tells suppliers to foot the bill for company’s investment programme by reducing costs January 18, 2016 Healthfood retailer Holland and Barrett has urged its suppliers to slim down their costs by five per cent to help fund the company's pension scheme. In addition to the price cuts, the group wants its suppliers to foot the bill for its investment in security by paying for £3m-worth of security tags and high definition CCTV in the [...]
Davos 2016: What the global elites will be talking about at this year’s World Economic Forum January 18, 2016 More than 2,500 of the world’s top business leaders, politicians, economists and celebrities from over 100 countries will descend on Davos this week, taking over the Swiss ski resort for the World Economic Forum’s 46th annual meeting. While the four-day meeting’s official theme is “Mastering the Fourth Industrial Revolution” – WEF’s way of describing the [...]
Low inflation in 2015 battered businesses as consumers rejoiced January 18, 2016 Businesses lost out to the tune of £16.8bn last year due to low inflation, new research given to City A.M. shows. Prices were only 0.1 per cent higher in November than a year ago, well below the Bank of England’s two per cent inflation target, and hovered around zero per cent for most of 2015. [...]
Big Four fight back: Asda, Morrisons, Sainsbury’s and Tesco report rising sales after years of stagnation January 15, 2016 Tesco became the third supermarket to reveal better-than expected Christmas results yesterday, in the clearest sign yet that the industry is staging a successful fightback against German discounters Aldi and Lidl. The so-called big four – Tesco, Sainsbury’s, Asda and Morrisons – have been battling to respond to changing shopping habits and reverse the tide [...]
Eurozone inflation stays at 0.2 per cent in December January 5, 2016 Inflation in the Eurozone was 0.2 per cent in December, unchanged from the month before, according to official estimates released this morning. The rate of energy price declines slowed to 5.9 per cent from 7.3 per cent, the figures published by Eurostat, the statistical office of the European Union, reveal. However, this was offset by slower growth in food, alcohol [...]
German inflation falls further below Eurozone target January 4, 2016 Inflation in Germany, the biggest economy in the Eurozone, failed to build on previous increases in December. Prices rose 0.3 per cent year-on-year, down from 0.4 per cent the month before, the figures released by German statistical office Destatis show. Annual energy price declines slowed to 6.5 per cent in December from 7.5 per cent. However, food prices [...]