Stubborn price rises still above inflation target October 15, 2013 SOARING energy bills helped keep inflation firmly above its target in September, official figures showed yesterday. Prices increased by 2.7 per cent in the 12-month period, above the Bank of England’s two per cent and the same rate as in the year to August, according to the Office for National Statistics’ consumer prices index (CPI). The [...]
Mix it up: Absinthe cocktail is cultural gem in heart of Mayfair October 15, 2013 @philip_salter OLD HABITS die hard. But after more than a decade in London, I’ve finally managed to offload most of the dingy pubs, sleazy bars and uninspiring restaurants that I frequented when I first landed in the capital. It’s time you did the same. Let those dodgy establishments serving stale beer and saccharine cocktails slip [...]
Food price rises and the folly of inflation targeting October 15, 2013 New figures released this morning show that while above target inflation stays at 2.7 per cent in the year to September, food inflation is at a much higher 4.8 per cent. According to Shore Capital that's a 0.1 percentage point increase in the annual rate from August. Price rises in meat, vegetables and fruit were [...]
Retailers set for best Xmas sales since pre-crisis October 14, 2013 BRITISH retailers are set to enjoy their best growth in Christmas sales since the financial crisis, according to a report published yesterday that forecast consumers would spend at least £2bn more than in 2012. Market research specialist Verdict predicted that spending in the fourth quarter would rise 2.2 per cent from the same period in [...]
Inflation hits highest point for half a year in India and China October 14, 2013 INFLATION in the world’s two most populous countries reached seven-month highs in September, according to official statistics released by the Indian and Chinese governments yesterday. The effect of poor weather on food prices has been blamed for the rise in Chinese consumer inflation, which stood at 3.1 per cent in the year to last month. [...]
Chinese exports down as September sees strong demand and inflation October 14, 2013 (National Bureau of Statistics of China) With Chinese trade data coming in overnight, optimistic economic expectations continue to be reflected in results, with September imports rising to 7.4 per cent, exceeding expectations of 7.0 per cent. Despite healthy demand, however, export growth dropped sharply by 0.3 per cent from August's 7.2 per cent. Inflation for September rose, with the [...]
Analyst Views: Is Cranswick well placed to handle rising prices? October 7, 2013 DAMIAN MCNEELA PANMURE GORDON Cranswick delivered an acceleration in second quarter sales growth…But continued high pig prices during the period has weighed on margins…We would expect the company to make good progress in recovering the inflation in the second half. NICOLA MALLARD INVESTEC The two things to note are that the top line growth in [...]
Lowest inflation since 2010 for euro economies September 30, 2013 BELOW target inflation is still being recorded in the Eurozone despite a nascent recovery, with the lowest consumer price index (CPI) growth in three and a half years revealed. Figures released yesterday showed CPI at only 1.1 per cent in the 12 months to September, indicating the smallest rise in prices since the first quarter [...]
Eurozone inflation falls with marked CPI decrease for Italy September 30, 2013 Inflation softens for the Eurozone as the consumer price index misses expectations of 1.2 per cent for September, coming in at 1.1 per cent, year-on-year. This is down from the previous figure of 1.3 per cent. The core figure, which excludes volatile components like food, energy, alcohol and tobacco, was at 1.0 per cent year-on-year; [...]
Retailers record unexpected dip in August sales September 19, 2013 RETAILERS failed to match July’s strong activity last month, with a 0.9 per cent month-on-month drop in sales revealed by the Office for National Statistics (ONS) yesterday. However, sales were still up in comparison to August 2012, rising by 2.1 per cent over the 12-month period. August’s drop was driven by a decline in food [...]