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U.S. PPI fell by 0.1%

The Producer Price Index for final demand fell 0.1 percent in December, seasonally adjusted, the  U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.4 percent in both  November and October. (See table A.) On an unadjusted basis, the final demand index climbed  2.6 percent in 2017 after a 1.7-percent rise in 2016.

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China's December CPI rises 1.8%

China’s consumer inflation accelerated to 1.8 percent in December, official data showed on Wednesday. The consumer price index (CPI) had been expected to rise 1.9 percent from a year earlier, compared with an increase of 1.7 percent in November.

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US PPI up by 0.4%

The Producer Price Index for final demand increased 0.4 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices also moved up 0.4 percent in both October and September. On an unadjusted basis, the final demand index rose 3.1 percent for the 12 months ended in November, the largest advance since a 3.1-percent increase for the 12 months ended January 2012.

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UK CPI increased to 3.1%

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.8% in November 2017, unchanged from October 2017. The Consumer Prices Index (CPI) 12-month rate was 3.1% in November 2017, up from 3.0% in October 2017; it was last higher in March 2012. The largest upward contribution to change in both the CPIH and CPI rates came from air fares which fell between October and November but by less than a year ago. Rising prices for a range of recreational and cultural goods and services, most notably computer games, also had an upward effect. Falling prices in the miscellaneous goods and services category (covering products such as travel goods and financial services) provided the largest offsetting downward contribution.

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