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...Mary McDougall...
...Wednesday’s figures, which came a day before the Bank of England’s Monetary Policy Committee meets, also showed falls in service price and food inflation....
...The ONS said growth was widespread across the manufacturing sector with an expansion reported in 11 of the 13 subsectors, with strong growth in car and food production....
...The data showed the biggest downward pressures coming from food and household goods....
...The inflation print comes as welcome news for the Bank of England after government data on Tuesday showed UK wage growth proved stronger than expected in the three months to December....
...Nearby, in Painswick, is one of the most beautiful churches in Gloucestershire, St Mary’s; the churchyard has 99 ancient yew trees carved like lollipops....
...Core inflation, which strips out volatile food and energy prices, was 5.1 per cent, the same level as the previous month and higher than the 4.9 per cent predicted by economists....
...He added that “these were partially offset by falling food inflation, where prices still rose but at a much lower rate than this time last year”....
...US consumer prices excluding food and energy items rose at a 3.3 per cent annualised rate in the final three months of 2023, down from more than 5 per cent early last year....
...Mary McDougall Is Lagarde comfortable with dovish ECB pricing?...
...The next bank rate announcement is expected in early November....
...Houston Hall, on 222 West Houston St. Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...The MPC voted six to three to keep the central bank’s key rate at its highest level in 15 years....
...The moves followed comments from the Bank of England’s chief economist Hugh Pill on Monday after European markets closed....
...But core inflation — which excludes energy and food to provide a better gauge of underlying price pressures — remains comfortably above the ECB’s 2 per cent target at 3.6 per cent, while the eurozone economy...
...Mary McDougall Will Chinese consumer demand rebound?...
...Pharma FY, Anglo American Q1 production report, ASA International Group FY, ASM International Q1, Associated British Foods HY, RWS Holdings HY, Brown & Brown Q1, Canadian National Railway Q1, Danaher Q1...
...Inflation last year ran at 30 per cent, according to the central bank, and there are frequent power blackouts and shortages of food and medicine....
...Slowing food price inflation also helped drag the headline number lower....
...But food was limited to a few cereal bars when I visited....
...According to the 2023 Direct to Consumer Wine Survey by the Silicon Valley Bank, the average cost of a “reserve tasting” in Napa Valley was $128....
...It said the list might as well include state employees’ meals at its restaurants or accounts with its banks....
...The pound dropped 0.3 per cent against the dollar to $1.2355 in early morning trade, its lowest level since May, after official figures showed that core inflation — which strips out volatile energy and food...
...Stripping out energy and fresh food prices showed inflation also slowed to 4.2 per cent from the previous month’s 4.3 per cent....
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