Fuel price rises send inflation up to highest level since June 2014

The increase reflects the timing of the Lunar New Holiday which began in the final week of January.

In the 12 months through January, the CPI increased 2.5 percent, the biggest year-on-year gain since March 2012.

According to the department's Bureau of Labor Statistics, consumer prices rose 0.6 percent last month, the most since February 2013, and twice what economists were expecting.

Against the year ago month, the cost of living was 2.5% higher, up from 2.1% in the prior month (consensus: 2.4%). "Higher global commodity prices will get ingrained in these components while food items will be unaffected", it said in its CPI inflation report.

Toshiba facing bankruptcy, total disintegration thanks to bad bets on nuclear power
Shares in the firm have nearly halved since the end of December, when Toshiba first flagged huge losses in its atomic unit. According to Tokyo Stock Exchange rules, Toshiba had until noon today to deliver its quarterly financial results.

The figures were largely affected by the annual Lunar New Year holiday, which caused prices of fruit and vegetables to rise while a surge in travel sent the cost of flights and hotels up, Sheng said.

Non-food inflation increased by a smaller 0.7% over the same period, building upon the 0.2% lift seen in December.

The PBOC in the past weeks raised interest rates in some of its lending facilities and open market operations to control risks from rapid credit growth, signaling a tighter policy stance on risk control.

Fed Chair Janet Yellen told lawmakers on Tuesday that "waiting too long to remove accommodation would be unwise".

Venezuelan VP calls USA sanctions an 'attack'
The companies make up an global network spanning the British Virgin Islands, Panama, Britain, the United States and Venezuela. He made a name for himself in Venezuela by cracking down on drug gangs.

However, the move came in shy of the Bank of England's 2 per cent target and economists' expectations of 1.9 per cent. In a sign of resilient demand among consumers, retail sales climbed 0.4 percent, Commerce Department data showed. That followed a 2.4 percent increase in December. Grocery prices were unchanged, but the cost of eating out rose 0.4 percent. The pace of food deflation has eased off for four consecutive months. It edged up by 18.14 per cent, as compared to a rise of 8.65 per cent reported during the last month of 2016 and (-) 9.89 per cent in January.

Core inflation that excludes energy, food, alcoholic beverages and tobacco, held steady at 1.6% in January.

It means a basket of goods and services priced at £100 a year ago would now cost £101.90. Motor vehicle prices shot up 0.9 percent, the largest rise since November 2009.

Suspect taken into custody for Karina Vetrano's murder
Vetrano's parents spoke out Thursday, trying to renew momentum in the case on the six-month anniversary of the murder. Investigators believe Lewis grabbed Vetrano while she jogged at the park, the television station reports.

  • 'Hot Mugshot Guy' Makes Runway Debut at New York Fashion Week

    'Hot Mugshot Guy' Makes Runway Debut at New York Fashion Week

    Tiffany Trump (centre) sits in the front row for the Philipp Plein Fall/Winter 2017/2018 Women's And Men's Fashion Show in NY . Jeremy Meeks' mugshot went viral in 2014 after he was arrested for possession of firearms and criminal street gang activity.
    Short-handed Warriors crushed by Nuggets, 132-110

    Short-handed Warriors crushed by Nuggets, 132-110

    Jokic's line over the past three games? Following their big Warriors win the Nuggets picked up their 25th victory of the season. That said , the Nuggets only had nine players and could have easily chalked this up as a loss before the game even started.
    House of Commons passes Brexit Bill

    House of Commons passes Brexit Bill

    Following the June vote, there was speculation that pro-European lawmakers might try to delay or even stop the Brexit process. Supreme Court decision which said the government must seek lawmakers' approval before proceeding with Brexit.
  • Hundreds of whales dead after mass stranding in New Zealand

    The whales beached at low tide, three kilometres from where the first group had died Friday. "All we know is it keeps happening". While strandings have occurred before at Farewell Spit, the incident has shocked locals due to its magnitude.

    Oil prices tumble as investors brace for possible spike in United States supply

    That was in line with the industry-funded American Petroleum Institute , which reported yesterday a 14.2 million-barrel increase. US crude imports rose by 1.1 million barrels a day from the previous week.

    Senate Lawmakers Hear Impacts Of ACA Repeal

    Trump has called for repealing and replacing the law "essentially simultaneously". So far, Republicans have been unable to come up with such a plan.
  • Georges St-Pierre, UFC agree to terms for Octagon return

    Georges St-Pierre, UFC agree to terms for Octagon return

    They did not support me because of the testing issues for the doping, they did not support me for the anti-doping. While St-Pierre's return fight has yet to be finalized, the current plan is for him to compete later this year.
    Netflix resurrects 'The OA' for season 2

    Netflix resurrects 'The OA' for season 2

    Netflix released season one of " The OA ", comprising eight one-hour episodes, on December 16 with hardly any advance publicity. The OA centers on young Missouri woman Prairie Johnson (Marling) who - missing since age 7 - mysteriously resurfaces.
    Crude Oil Lower Despite OPEC Supply Cuts

    Crude Oil Lower Despite OPEC Supply Cuts

    The trading boom that cushioned the profits of Royal Dutch Shell Plc and BP through the price slump appears to be over. At 1:53 pm GMT, the Comex gold futures contract for February delivery was 0.31% or $3.80 higher at $1,235.90 an ounce.
  • Melania Trump's friends say 'she is miserable' being first lady

    Melania Trump's friends say 'she is miserable' being first lady

    Trump, who is not scheduled to move into the White House until June, has not yet appointed her own press secretary. Bush administration, and is "putting together a professional and highly-experienced team".
    Turkey denies Russia's information on bombing of coordinates in Syria's al-Bab

    Turkey denies Russia's information on bombing of coordinates in Syria's al-Bab

    Both said an armoured vehicle had been captured from government forces. There was no immediate comment from Russian Federation .

    Aguero says Man City future to be decided at end of season

    Toure says it's vital to have quality young players in the squad if the Club want to keep progressing. Aguero, who joined City in 2011, has three years left on his contract after this season.