Retail inflation touches 17-month high of 5.21 percent in December

Retail inflation touches 17-month high of 5.21 percent in December

Annual retail inflation for the month of December spiked to 17 months high of 5.21 per cent.

Falling energy prices held down U.S. consumer price increases in December, while inflation for all of 2017 was steady or even lower than 2016, according to government data released today. Economists were expecting to see a 0.2% rise in price pressures.

The cumulative growth in these three sectors during April-November 2017 over the corresponding period of 2016 was 3.0 percent, 3.1 percent and 5.2 percent respectively. The overall 2.1 per cent price increase was identical to the inflation gain in 2016 with both years up from tiny increases of 0.8 per cent in 2014 and 0.7 per cent in 2015.

Retail inflation for the month of December 2017 stood at 5.21 percent, up from 4.88 percent in November, while the general index for the month of November 2017 stood at 125.6, which is 8.4 percent higher as compared to the level in the month of November 2016.

Allardyce confirms Everton's Walcott negotiations
But when asked if Sanchez is replaceable, he said: "He is an exceptional player and if that happens, we must find a different balance in the team".

Analysts said any sharp rise in state spending in the budget that fuels inflation could force the central bank to raise rates earlier than expected.

The cost of medical care increased 0.3%, with prices for prescription medication surging 1.0% after rising 0.6% in November. Prices for US Treasuries fell, with the yield on the interest-rate sensitive two-year note rising to the highest since 2008.

Avery Shenfeld, senior economist at CIBC World Markets, said that the USA dollar could see some momentum Friday following CPI data. Shelter costs rose 0.4%, the most since August, including a 0.4 percent increase in rents and 0.3% in owners' equivalent rent, one of the categories created to track rental prices. That lowered the year-on-year increase in the CPI to 2.1% from 2.2% in November. Sales at auto dealerships rose 0.2%.

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