Japan said Monday manufacturers have raised production(update) Jun 29, 2009
Last week the government said Japan's key consumer price index tumbled at a record pace in May. Other key indicators are due out this week. (The Star Online, Malaysia -- Business)
Prices of oil defy logic of supply and demand Jun 29, 2009
While consumers spent nearly 9 percent less in the first quarter, the consumer price index rose by 8. 7 percent. (Business Report, South Africa)
High food inflation may mar India's economic recovery prospects Jun 29, 2009
As a result, inflation based on CPI (consumer price index), which assign more than 50% of weightage to food items, has actually moved closer to the double digit zone for different categories like industrial workers, urban nonmanual employees and agriculture labourers. Such a high CPI based inflation poses a big threat for overall economy. (India Times)
Hikes in Maine fuel tax starts Wednesday Jun 29, 2009
The increase is based on CPI indexing. There were efforts during this year's legislative session to increase the tax further to address deteriorating road conditions, but they were rejected by lawmakers. (Seacoast New Hampshire)
Rising national debt raises prospects of eventual inflation Jun 29, 2009
The consumer price index has actually fallen 1. 3% in the past 12 months. (USA Today -- Money)
Centre asks WB govt to ban CPI(M) under 1908 Act Jun 28, 2009
NEW DELHI: The Centre has asked the Left Front government in West Bengal to declare the CPI (Maoist) as an "unlawful association" under a 1908 Act as its scope is much wider than the Unlawful Activities (Prevention) Act (UAPA) enacted last year. Home ministry officials said West Bengal government has been advised to declare CPI (Maoist) as outlawed because of the fact that the UAPA, under which it declared the outfit as banned on June 22, is essentially directed against unlawful associations... (India Times, India -- Community News)
Amazon.com ends commission program in NC Jun 28, 2009
"At the same time, we disagree with PROXY Governance's conclusion with respect to the other proposals in Broadcom's Consent Solicitation. First and last, the provisions in this Consent Solicitation are about Emulex shareholders and Conmed Healthcare Management, Inc. Signs Multi-Year Agreement with Washington County, Maryland Correctional Facility Conmed Healthcare Management, Inc. (OTCBB: CMHM ), a leading full service provider of correctional facility healthcare services to county detention... (Fresno Bee -- Business)
Real-estate cycles still mysterious Jun 28, 2009
Greiner sees the Consumer Price Index rising to around 5 percent within a few years from near zero today. "Real estate tends to survive periods of upside inflation," Greiner said. (AZCentral -- Business)
Staying Cool If Inflation Heats Up Jun 27, 2009
Oh, and during a six-year chunk (1971-1977) of that decade, the U.S. Consumer Price Index increased by 47. Well, we've learned a lot since then. (BusinessWeek)
Spring rally lifts broad range of mutual funds Jun 27, 2009
TOKYO - Deflation is clawing its way back in Japan, and that's not good news for an economy trying to recover from its worst recession since World War II. Japan's key consumer price index tumbled at a record pace in May, the government said. The core nationwide CPI, which excludes volatile fresh food prices, fell 1. (Fresno Bee -- Business)
Faber: 20 Percent Inflation Coming Jun 26, 2009
To get a true reading he advises ditching core inflation numbers, including the Consumer Price Index. "It's a lie what they publish," Faber told CNBC.. (Newsmax)
Statement of the Monetary Policy Committee Jun 26, 2009
1 The year-on-year inflation rate as measured by the consumer price index (CPI) for all urban areas declined from 8,4 per cent in April 2009 to 8,0 per cent in May. Food price inflation declined from 13,6 per cent in April to 12,1 per cent in May but remains the main contributor to the inflation outcome, having contributed 1,9 percentage points. (Business Report, South Africa)
'King Of Pop' Michael Jackson Dead At 50 Jun 26, 2009
King Of Pop' Michael Jackson Dead At 50 - Entertainment News Story - KPRC Houston. Michael Jackson dies. (Click2Houston, TX)
'Charlie's Angel' Star Farrah Fawcett Dies Jun 26, 2009
Charlie's Angel' Star Farrah Fawcett Dies - Entertainment News Story - KPRC Houston. Michael Jackson dies. (Click2Houston, TX)
Japan stocks gain for third day on earnings hopes Jun 26, 2009
Japan's core CPI, which excludes volatile fresh food prices, fell 1. 1 percent, fueling concerns about deflation. (OregonLive, OR -- Business)
Nasdaq advances with tech, but banks curb Dow, S&P Jun 26, 2009
On the economic front, the closely watched Consumer Price Index, released before the opening bell, showed inflation is still not a worry. The Sbriefly fell below its 200-day moving average for the first time since the beginning of June but rallied to close above that level, a crucial technical gauge of market strength. (Yahoo News -- Pharmaceutical Industry News)
Japan's deflation deepens Jun 26, 2009
Finance minister Kaoru Yosano also expressed concern about the impact of falling output and demand as the nationwide core consumer price index fell 1. 1 per cent in May from a year earlier. (Sydney Morning Herald -- Business)
CUNA Mutual to buy retirement plan firm Jun 25, 2009
CPI has more than 400 employees and provides administrative services to more than 3,600 clients nationwide with plan assets under administration of about $5 billion ... CUNA Mutual and CPI each bring many complementary strengths to the table. (Milwaukee Business Journal, WI)
Advantage, (only some) renters Jun 25, 2009
Furthermore, the Bureau of Labor Statistics Consumer Price Index for Rent demonstrates that Boston area rents continue to rise, even after years of steep gains. For a Boston-area renter with a median or low income struggling to afford the high cost of housing in Massachusetts, a landlord s dropping a $525 amenities fee for a $1,995-a-month one bedroom is little comfort. (Boston Globe -- Editorial)
Local consumer prices break all economic rules Jun 25, 2009
7 percent in the first quarter, while the consumer price index (CPI) rose 6. 1 percent. (Business Report, South Africa)
Bank of Canada Interest Rate Should Remain 0.25% Through 2010, OECD Says Jun 25, 2009
The consumer price index will increase 0. 1 percent this year and 1 percent in 2010. (Bloomberg -- Canada)
This land is my land ... Jun 25, 2009
It was there that the first eviction and banishment of ruling CPI (Marxist) elements was witnessed, and the first barricading of a whole territory against the police and other instruments of the state for weeks and months ... The CPI (Marxist) was hit where it hurt the most, and suddenly dissident voices in the party began to echo the public intellectuals of Kolkata who had made a beeline for Nandigram in righteous rage ... In Bengal, three decades of uninterrupted rule by a coalition of the CPI... (Asia Times Online)
India tightens the screw on Maoists Jun 25, 2009
In a statement, Home Minister P Chidambaram said the five-year-old CPI (Maoist) had been responsible for about 180 deaths this ... The CPI (Maoist) is now clubbed with other banned terror groups such as the Pakistan-based Lashkar-e-Toiba and the Sri Lankan Liberation Tigers of Tamil Eelam, with its offices and bank accounts sealed ... CPI (Marxist) general secretary Prakash Karat said the "Maoists must be combated politically and administratively". (Asia Times Online)
South Africa: Another Rate Cut Looms as Inflation Dips Again Jun 25, 2009
During the month itself, the consumer price index (CPI) rose by 0,4%, compared with 0,5% in April. Relevant Links. (allAfrica.com)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Ireland Jun 25, 2009
Real effective rate (1999Q1=100, CPI based). 112. (IMF News)
Congress flays comrades' Jun 25, 2009
NEW DELHI: Congress on Wednesday ratcheted up its attack on West Bengal's Left Front government, particularly CPM. The higher pitch of the attack was on account of the party's reluctance to implement the ban on CPI (Maoist) in the state, even after the Centre designated the group as a "terrorist organisation" under the Unlawful Activities Prevention Act ... "This is an example of CPM's doublespeak. On the one hand, the West Bengal government seeks help of the central government to act against... (India Times)
Investment Insights Jun 25, 2009
With a backdrop of favorable data on the consumer price index, testimony by Chairman Greenspan is being interpreted in a positive light. The markets are growing comfortable with the concept of some increase in rates as being good for the economy. (Racine Journal Times, WI)
State Loan Burns Spanish Baker After BBVA's Inflation Swap Increases Costs Jun 25, 2009
Spains consumer price index rose 1. 4 percent last year, triggering the 26,400-euro bill from BBVA.. (Bloomberg -- Europe)
The Conference Board(R) Australia Business Cycle Indicators(SM) Jun 25, 2009
NOTES: Series in The Conference Board LEI for Australia that are based on our estimates are sales to inventory ratio and gross operating surplus for private non-financial corporations, the implicit price index used to deflate rural goods exports and building approvals, and the CPI used to deflate money supply M3 ... CPI was used to deflate retail trade. (PR Newswire)
Continue reading Jun 25, 2009
The rates increases go off the Consumer Price Index, a federal data program that tracks how much consumers spend for a representative basket of goods, products and services. POST A COMMENT. (Selma Enterprise, CA)
Great rate debate Jun 24, 2009
But it certainly would be helpful if CPI inflation could this week fall below eight percent, as expected, and if PPI inflation could enter deflation (a real possibility) ... This, along with the firmer rand near 8:$, provides ever more reason to believe our CPI inflation will fall towards five percent next year. (iAfrica.com)
Rand perks up Jun 24, 2009
Bonds off worst after auction; eye CPI. Bonds remained marginally weaker on Tuesday ahead of the key CPI and repo decisions this week. (iAfrica.com)
Obama Takes On Insurers Over Gov't Plan Jun 24, 2009
Live Cameras, Conditions. Industry Warns Against Proposed Gov't Plan. (Click2Houston, TX)
Rand holds ground ahead of CPI Jun 24, 2009
Johannesburg - The rand traded range-bound in morning trade on Wednesday, with the consumer price index (CPI) figure out later today ... A local trader said: "We are holding in ranges this morning. We expect to hold above 8.10 before the CPI figures come out, with a resistance of 8.13-14 on the way up." ... "While investors appear willing to test the waters and diversify away from dollar-based assets, doubts over the economic recovery remain. "Even though the emergence of green shoots has... (Business Report, South Africa)
- IID furthers plan on how to stretch its water supply (1) Jun 24, 2009
In other IID-related news, the board voted 3-1 to approve the finance department s request to change the so-called falling water charge calculation to include an adjustment based on the consumer price index. This means the falling water charge would increase or decrease annually over the base year fee of 7. (El Centro Imperial Valley Press, CA)
Taxpayers are the big losers without city, county pact Jun 24, 2009
Also, it can raise its rates every time there is an adjustment in the Consumer Price Index, or CPI.. Taking a look. (Nogales International, AZ)
Nightmarish financial numbers Jun 24, 2009
" This is certainly bad news, although I am always leery of the concept of velocity, as it is just the plug number that makes Irving Fisher's famous equation (MV = PQ) work out, namely that the Money supply times the turnover of the money (Velocity) equals the Quantity of things sold times the Price of those things that were sold. Simple. So since the Money supply (as measured by M2) is growing at almost 9%, Prices overall (as measured by the broad CPI) are not growing very much, and the... (Asia Times Online)
Budget measure will hit battlers hardest Jun 24, 2009
It intends to link family payment increases to the consumer price index instead of to pensions, which are tied to average earnings. It undertook no consultation and chose not to wait for the final report of the Henry review into the tax and social security system. (Sydney Morning Herald -- Australia)
Singapore May consumer price index up 0.8% Jun 24, 2009
Singapore May consumer price index up 0 ... Singapore May consumer price index up 0 ... SINGAPORE: Singapores May consumer price index (CPI) rose a seasonally adjusted 0. (The Star Online, Malaysia -- Business)
Buddhadeb defies Karat on Naxal ban Jun 24, 2009
KOLKATA: A day after CPM general secretary Prakash Karat opposed the Centre's decision to outlaw CPI (Maoist), his comrade and West Bengal chief minister Buddhadeb Bhattacharjee said the state government could not ignore the ban order, reinforcing the already-strong perception of divergence between the central leadership of the party and the powerful "Bengal" unit ... A day after Prakash Karat opposed the Centre's decision to outlaw CPI(Maoist), West Bengal CM Buddhadeb said the state government... (India Times, India)
In English, Please: FOMC Meeting Jun 24, 2009
The increase in the Consumer Price Index in May was tame both on an overall basis and core basis ... CPI: Core inflation per the consumer price index inched down to 1. (Fox News)
China's fiscal revenue tops 6.13 trln yuan last year Jun 24, 2009
Xie cited four factors for the drop in fiscal revenues: a fall in international trade due to the global economic downturn; a fall in revenue value relative to the consumer prices index (CPI) and the producer price index (PPI); structural tax reduction polices; the slowdown in China's economic growth. He said in the first five months, fiscal expenditure nationwide amounted to almost 2. (Xinhuanet, China)
Rand in ranges Jun 24, 2009
Article By: Gareth Vorster The rand was in ranges in morning trade on Wednesday, with the consumer price index (CPI) figure out later today. At 9. (iAfrica.com)
Real Estate Outlook: Housing Starts Are Up Again Jun 23, 2009
The latest inflation readings -- both the Consumer Price Index and the Producer Price Index -- were down slightly in May. Despite rising gas price, a dollar bought a little more in goods and services last month than the month before. (RealtyTimes)
WATCH OUT FOR A BIG JUMP IN CONSUMER PRICES Jun 23, 2009
But when you are doing a column about the Consumer Price Index -- or CPI, as it is lovingly called by the Bureau of Labor Statistics (BLS), there's very little a columnist (or even a magician) can do to make this very moist. Warning: dry stuff ahead. (New York Post -- Business)
Maoists banned, Marxists whine Jun 23, 2009
NEW DELHI: The Centre on Monday formally listed CPI (Maoist) as a separate terrorist outfit under the Unlawful Activities (Prevention) Act. Though the decision will make little difference on the ground as the ban on CPI (Maoist) was already in effect by virtue of its constituents CPI(ML), Peoples War Group and MCC, along with all their formations and front organisations featuring in the list of terrorist outfits under the UAPA, it is aimed at clearing any ambiguity regarding the... (India Times)
Century, Lafitte back CPIs slate Jun 23, 2009
Century, Lafitte back CPIs slate - St. Louis Business Journal ... Century, Lafitte back CPIs slate ... Two shareholders said Monday they plan to back the slate of director candidates nominated by CPI s board. (St. Louis Business Journal, MO)
Postal Worker Adopts Kitten From Mailbox Jun 23, 2009
Live Cameras, Conditions. Postina Adopted By U.S. Postal Worker. (Click2Houston, TX)
Telkom seeks 1.7% hike Jun 23, 2009
According to the company, Icasa used the formula of Consumer Price Index minus 3. 5 percent plus carry-over from the previous year. (iAfrica.com)
Inflation figures to support rate cut Jun 23, 2009
Economist expect CPI increases to slow June 23, 2009 ... Citi economist Jean Francois Mercier predicts that May figures, which will be released tomorrow, will show "a more pronounced decline" in consumer inflation, largely because of "base effects" - consumer price index (CPI) inflation accelerated sharply in the first half of last year. (Business Report, South Africa)
In a jam over ban, Buddha looks for elbow room Jun 23, 2009
With the Centre banning the CPI (Maoist), the CM, who wants a crackdown on the guerrillas, will have to fight a political battle within his own party and Left Front, both opposed to the ban ... According to the Unlawful Activities Prevention (Amendment) Act that the Centre has invoked against the CPI (Maoist), the Union government can intervene in state territories independently to clampdown on the Maoists ... With the Centre banning the CPI (Maoist), the CM, who wants a crackdown on the... (India Times, India -- Community News)
Market Forecaster Jun 23, 2009
The consumer price index increased 0. 1 percent after being unchanged a month earlier, the Labor Department said today in Washington. (Midwest Bulls Eye, NE)
Ten-Year Bonds Have Biggest Gain in 11 Weeks as Stock Losses Boost Demand Jun 23, 2009
Bonds also gained on forecasts government reports this week will show Japans consumer price index fell for a third month and exports declined for an eighth straight month. We are entering a transition period from a time when the euphoria about the economy dominated the market to one when the reality of the economy bites, said , senior strategist in Tokyo at Mizuho Trust & Banking Co., a unit of Japans second-largest bank. (Bloomberg -- Japan)
Japan's Government Bonds Fall as Business Sentiment Improves, Stocks Gain Jun 22, 2009
Losses in bonds were limited before a government report this week economists said may show Japans consumer price index fell for a third month. excluding fresh food probably dropped 1. (Bloomberg -- Japan)
Chinese Premier Wen Jiabao toured the cities of Tangshan and Qinghuangdao in north China's Hebei Province over the past two days to find out how manufacturers and ordinary people are coping with the financial crisis.• Premier: Chinese economy at critical moment of recovery Jun 22, 2009
BEIJING, June 10 (Xinhua) -- China's consumer price index (CPI), the main gauge of inflation, in May fell 1. 4 percent year on year, the National Bureau of Statistics (NBS) announced Wednesday. (Xinhuanet, China)
Naxal bandh: 5 states on high alert Jun 22, 2009
Warning that vehicular traffic may be disrupted in districts where Maoists have strong presence, the home ministry said, "There are intelligence inputs that CPI (Maoist) may indulge in demonstrative acts of violence by targeting security forces and economic infrastructure such as trains, buses, railway stations, bus stations and other places where people are likely to gather in significant numbers.". CPI (Maoist) -- an umbrella organisation of all naxal outfits in the country -- has given the... (India Times, India)
VisaNet to Lead Global IPOs as Investors `Very Hot' on Brazil Credit Cards Jun 22, 2009
The following is a list of events in Brazil this week: Event Date CAGED Formal Job Creation May Jun 22-26 FGV Preview Inflation IGP-M Jun 23 FGV CPI IPC-S Jun 23 FIPE CPI (Weekly) Jun 24 IBGE Inflation IPCA-15 - June Jun 24 Current Account - May Jun 24 FGV Consumer Confidence - June Jun 25 Unemployment Rate - May Jun 25 Total Outstanding Loans - May Jun 25. To contact the reporters on this story: in Sao Paulo at. (Bloomberg -- Latin America)
Securitymen move deep into Lalgarh Jun 22, 2009
The home minister also referred to the two-day bandh called by CPI(Maoist) from Monday in five Naxal-affected states of Bihar, Chhattisgarh, Jharkhand, Orissa and West Bengal. CPI(Maoist) has called for a bandh tomorrow ... There are intelligence 00004000 inputs that CPI(Maoist) may indulge in demonstrative acts of violence by targeting security forces and economic infrastructure such as trains, buses, railway and bus stations and other places where people are likely to gather in significant... (India Times)
The Best Stocks to Buy in This Market Jun 22, 2009
Data from Ibbotson Associates, Salomon Brothers Long-Term High-Grade Index, National Bureau of Economic Research, Consumer Price Index, and author's calculations. Returns calculated from 1971 to 1975. (MSNBC -- Business)
Negative inflation no cause for worry Jun 21, 2009
Usually, in most of the developed countries, inflation is published based on the Consumer Price Index (CPI) ... In fact, the inflation based on the consumer price index is ruling around eight per cent. Experts say the situation here is more like a negative inflation rather than deflation. (India Times)
We will spread this fire Jun 21, 2009
Age - 18 to 30 years Gender - Both male and female Ethnic stock - Austro-Asiatic (tribal/indigenous people) Linguistic group - Austro-Asiatic (tribal) and old Dravidian dialects Income group - Below poverty line ( Rs 12 per person per day) Occupation - Small peasant, landless labour, jobless, jungle-dweller Area of operation - UP, MP, W Bengal, Orissa, Bihar, Jharkhand Chhattisgarh, AP, Maharashtra and Karnataka political affiliation - CPI (Maoist) other names - Naxalite, Red ultra, terrorist... (India Times, India)
'Inflation in double-digits next fiscal' Jun 21, 2009
"... continued high global liquidity infusion and possibility of greater pass-through of oil and commodity prices may significantly push inflation beyond the current expectation over the next 9 to 12 months," Edelweiss economist Siddhartha Sanyal said, adding that food prices have been continuously on the rise, as reflected in the high CPI level. Notwithstanding the current sub-zero level inflation in the country and the global slowdown, the research firm said it believes there could be... (India Times)
Asian currencies fall against dollar Jun 21, 2009
The May reading for the consumer price index (CPI), which inched up just 0. 1 percent from April, was below analyst forecasts of a 0. (India Times)
Google To Step Up Anti-Porn Efforts In China Jun 20, 2009
Live Cameras, Conditions. Search Engine Turned Up Links To Obscene, Vulgar Sites. (Click2Houston, TX)
Gold inches above $US933 Jun 20, 2009
"Both the CPI and PPI numbers that came out this week showed that there wasn't a big concern about inflation," said Bruce Dunn, vice president of trading at New Jersey-based Auramet Trading. The closely watched US consumer and producer prices reports this week were sharply lower than economists had forecast, dampening bullion's appeal as a hedge against inflation. (Sydney Morning Herald -- Business)
