Inflation to fall, but not enough to stop rate rise Oct 26, 2009
CPI figures due on Wednesday will show inflation is heading in the right direction, but that wont stop the Reserve Bank of Australia from pushing interest rates in the wrong direction ... Producer price index figures released on Monday show some areas of strength, but overall suggest the CPI figures will show the effects of easing inflationary pressures ... The target refers to the consumer price index (CPI), but in the short term the RBA uses two measures of the underlying changes in prices... (Sydney Morning Herald -- Business)
Muted producer prices cool rate fervour Oct 26, 2009
Median forecasts are that headline CPI rose 0 ... The underlying CPI is forecast to be up by 0 ... "It would take a substantial upside surprise on Wednesday's CPI to increase the chances of a 50 basis point move," she said. (Sydney Morning Herald -- Business)
Chidambaram slams Maoist sympathisers Oct 26, 2009
In a statement issued by the Home Ministry, the government condemns the attack saying, "The Government of India strongly condemns this unprovoked and heinous attack by the CPI (Maoist) on a public sector security force that was on a routine patrol in an area falling under the jurisdiction of a public sector corporation. What is the motive behind the attack on a police force that provides security to NMDC? What is the message that the CPI (Maoist) intends to convey? These are questions that we... (India Times, India -- Community News)
What others say: Don't send $250 checks Oct 25, 2009
The Consumer Price Index that measures inflation actually decreased this year, along with gas and energy prices. Without inflation, there is no rationale for a COLA. And if a COLA is not warranted, neither is a one-time payment. (Athens Banner-Herald)
Inflation pointer to interest rate hike Oct 25, 2009
The consumer price index (CPI) for September will give the central bank the clearest indication of whether a 25 or 50 basis point hike is the best medicine for the recovering economy. Economists are widely tipping a 25 basis point increase in the official cash rate at the bank's November 3 meeting. (Sydney Morning Herald -- Australia)
Data tipped to decide Cup day rate rise Oct 25, 2009
The September quarter consumer price index (CPI) report, due on Wednesday, is expected to take centre stage ahead of the Reserve Bank of Australia's (RBA) board meeting on November 3 - Melbourne Cup day. ICAP senior economist Adam Carr says an elevated reading or upside surprise raises the prospect of a more aggressive 50 basis point move. (Sydney Morning Herald -- Business)
Too early to talk about 'exit'? Oct 24, 2009
The consumer price index fell only 0. 8 percent in September from a year earlier, which is expected to run into positive territory soon. (People's Daily Online, China)
Inflation data set to shape RBA's next move Oct 24, 2009
Inflation is expected to have eased slightly in the September quarter, but next week's publication of the consumer price index still leaves scope for the central bank to raise interest rates by as much as half a percentage point, economists say. The September quarter CPI, due on Wednesday, is expected to take centre stage ahead at the Reserve Bank of Australia's November 3 board meeting - Melbourne Cup day. (Sydney Morning Herald -- Business)
Wages head to 20-year tumble Oct 24, 2009
24 an hour Jan. 1, to reflect a drop in the Consumer Price Index. Retirees are also feeling some pain. (The News-Press -- Business)
Malaysian Bond Market Oct 24, 2009
The market also awaits the release of the September Consumer Price Index, which the Government had postponed by two days to coincide with the budget announcement. It is widely expected that we will continue to see disinflation with consensus estimates predicting last months inflation rate to have fallen by 2. (The Star Online, Malaysia -- Business)
$4.5 million house in fraud case could be bonanza for Lee County Oct 24, 2009
Additionally, you benefit from Save Our Homes which limits increases to your assessed value (not your taxes) to the consumer price index or 3 percent, whichever is less. Homestead is granted to those applicants who possess title to real property, are bona fide Florida residents and live in the dwelling and make it their permanent home. (The News-Press -- Business)
Inflation down for 4th month in September Oct 24, 2009
PETALING JAYA: The consumer price index (CPI) dropped for a fourth month in a row in September, falling 2% compared with the corresponding month last year. The decline was due to changes in the prices of petrol and diesel starting in June 2008, the Statistics Department said in its monthly report yesterday. (The Star Online, Malaysia -- Business)
Einhorn: Forget Inflation, Just Buy Gold Oct 24, 2009
One hedge fund whiz kid, David Einhorn, says forget about whether the consumer price index rises or falls just buy gold anyway. Gold doesn't care about inflation, just if Washington is managing its economy well or not, says the president of Greenlight Capital. (Newsmax)
Singapore consumer prices fall for sixth month Oct 23, 2009
The consumer price index fell 0. 4 percent in the 12 months through September after a 0. (The Star Online, Malaysia -- Business)
No COLA for seniors, one-time payment touted Oct 23, 2009
Social Security and Supplemental Security Income (SSI) benefits are adjusted annually to reflect the increase, if any, in the cost of living as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) prepared by the Bureau of Labor Statistics ... According to the Social Security Administration under present law, there will be a COLA for Social Security and SSI benefits provided only when there is an increase in the average of the Consumer Price Index-W from the... (Burlington Union, MA)
Waste Connections sues El Dorado County Oct 23, 2009
4 percent rate increase that s based on the consumer price index ... Under the contract, the county agreed to an annual rate increase based on the consumer price index to cover increasing costs, according to the company. (Sacramento Business Journal, CA)
Dollar rally shows signs of fatigue Oct 23, 2009
The third-quarter consumer price index (CPI) is due next Wednesday, a figure that has become crucial for the monetary policy outlook since the Reserve Bank of Australia (RBA) shifted its focus to inflation as its major concern. Three-year futures were 0. (Sydney Morning Herald -- Business)
Inflation returns as a worry Oct 23, 2009
The Consumer Price Index (CPI) annual rate is travelling at a relatively sedate pace - 1 ... And economists doubt that it will return to the band when the September quarter CPI is released next Wednesday ... The impact of the economic downturn unsurprisingly curtailed immediat 00004000 e price pressures and has seen the annual CPI rate tumble from a hefty 5. (Sydney Morning Herald -- Business)
South Africa Reserve Bank keeps interest rates on hold Oct 23, 2009
Mboweni said the possible increases were not included in the bank's inflation forecast, which still saw CPI back in the 3 to 6 percent target band sustainably by the second quarter of next year. Consumer inflation stood at 6. (Business Report, South Africa)
Hill County jobless rate down slightly Oct 23, 2009
Kelly noted that the consumer price index went up 0 ... Over the last year, the consumer price index declined 1. (Havre Daily News, MT)
Experts said fixed-asset investment and retail sales helped the Chinese economy outperform other major economies, despite the fact that its shrinking exports were a drag on its progress. • China's GDP growth accelerates to 8.9% in Q3 Oct 23, 2009
BEIJING, Oct. 22 (Xinhua) -- China's consumer price index (CPI),a main gauge of inflation, dipped 1. 1 percent year on year in thefirst nine months of this year, the National Bureau of Statisticssaid Thursday. (Xinhuanet, China)
China's fixed-assets investment up 33.4% in first nine months Oct 23, 2009
BEIJING, Sept. 26 (Xinhua) -- China's consumer price index (CPI), a major inflation gauge, might begin to see growth since November, Stephen Green, head of research for Standard Chartered Bank in Shanghai, told Xinhua Saturday. Special Report. (Xinhuanet, China)
Optimism growing in 3rd quarter Oct 23, 2009
The notes of caution were sounded despite the fact that the consumer price index - usually a major gauge of inflation - remained weak, falling 0 ... BEIJING, Oct. 22 (Xinhua) -- China's consumer price index (CPI),a main gauge of inflation, dipped 1. (Xinhuanet, China)
Bill aims to up funding for Pell Grants Oct 23, 2009
This money is tied up in a bill that has already been passed by the House and, starting in 2011, would rise with the consumer price index, plus one percentage point. This funding, however, will likely not be able to offset rapidly increasing tuition costs. (Washington University Student Life, MO)
Firms pay $60K fines Oct 23, 2009
"This is the largest penalty assessed by this commission," CPI Chairman Michael Cherkasky said ... That commission was folded into the CPI under consolidation during the Spitzer administration. (Albany Times Union)
September's consumer price index down 0.4% on-year Oct 23, 2009
com - September's consumer price index down 0 ... September's consumer price index down 0. (Channelnewsasia.com)
Patatas bravo Oct 22, 2009
August saw the first increase in the annual change of the overall consumer price index since July 2008, though spending on clothing and footwear fell 0. 8% compared with the previous month, according to national statistics. (BBC News -- Business)
China's growth quickens but policy stays on hold Oct 22, 2009
"Good figures. Economic growth has picked up very swiftly. said Wang Hu, an analyst at Guotai Junan Securities in Shanghai. STRONGER NEXT YEAR? Most economists expect even stronger growth in 2010 given this year's relatively low base of comparison, the likelihood of a partial recovery in net exports and the fiscal stimulus already in the pipeline. The median forecast of a Reuters poll published on October 18 was for 9.0 percent growth in 2010, but several banks have since taken an even rosier... (Yahoo News -- Press Releases)
China's economy grows 8.9% in Q3 Oct 22, 2009
com - China's economy grows 8. China's economy grows 8. (Channelnewsasia.com)
Data to bring inflation back into focus Oct 22, 2009
Those figures will offer some information on the forces acting on the general level of consumer prices, but there will still be significant uncertainty ahead of the major data released for next week, the consumer price index (CPI) on Wednes 00004000 day. Over the year to the June quarter, the CPI rose by 1. (Sydney Morning Herald -- Business)
Price of a college education continues to rise Oct 22, 2009
1 percent decline in the Consumer Price Index from July 2008 to July 2009. Hit hard by state budget cuts, four-year public colleges raised tuition and fees by an average of 6. (Albany Times Union)
China's PPI down 6.5% in first three quarters Oct 22, 2009
China's consumer price index (CPI), a main gauge of inflation, dipped 1 ... BEIJING, Oct. 22 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, dipped 1 ... The September CPI was up 0. (Xinhuanet, China)
China's gross domestic product (GDP) grew 8.9 percent year on year in the third quarter of this year, the National Bureau of Statistics said Thursday.• China's CPI falls 1.1% in 1st nine months Oct 22, 2009
BEIJING, Oct. 22 (Xinhua) -- China's consumer price index (CPI),a main gauge of inflation, dipped 1 ... The September CPI was up 0 ... BEIJING, Sept. 26 (Xinhua) -- China's consumer price index (CPI), a major inflation gauge, might begin to see growth since November, Stephen Green, head of research for Standard Chartered Bank in Shanghai, told Xinhua Saturday. (Xinhuanet, China)
Annual inflation at 1.21% on October 10 Oct 22, 2009
The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is released weekly. On Monday, the Indian cabinet approved the launch of a new monthly inflation data series with 2004 as the base year. (India Times)
College costs still climb amid recession Oct 21, 2009
Still, Patrick Callan, president of the National Center for Public Policy and Higher Education, was perplexed by the increases that once again outpaced the Consumer Price Index. "Take a walk in a shopping mall, or look at the ads in your newspaper. Is anyone else raising prices six-and-a-half percent this year?" he asked. (Pittsburgh Post-Gazette, PA)
Will the monthly computation of inflation data be more effective than the weekly one? Oct 21, 2009
Economists have welcomed the restructuring of the WPI, but still voiced the need for a good consumer price index (CPI), which is taken as a better measure of prices for policy-making. The government will, however, continue to provide weekly data on prices of primary articles and fuels. (India Times)
Navigation district tables action on lease adjustment Oct 21, 2009
That rate is the 2005 market value plus consumer price index (CPI). The ACND could increase the rate up to 50 percent, as allowed by law, which would take the rate to $1,325. (Rockport Pilot, TX)
The Incredible Climbing Cost of College Oct 21, 2009
All this in a year where the cost of most everything else (as measured by the Consumer Price Index) actually fell. There is a silver lining: increased aid and tax benefits mean out-of-pocket costs for school are lower than they were five years ago, although only slightly. (Time.com)
Buying the Votes of Senior Citizens Oct 21, 2009
The cost of living adjustment for Social Security is based on the CPI - Consumer PriceIndex ... Everyone I know of and speak with tells me thatthe Cost of Things They Need to Live has goneup, even if the CPI, which includes non-essentials like digital cameras, has not. (Townhall.com)
College Tuition: Going for Broke Oct 21, 2009
The consumer price index declined 2. 1% between July 2008 and 2009, meaning that inflation-adjusted increases in prices this year are significantly larger than current dollar increases, the College Board says. (BusinessWeek)
'Activists can't dictate Naxal policy' Oct 21, 2009
The only hurdle to holding talks with the CPI (Maoist) is the violence that stalks the areas in which they operate, the minister said in a letter to Mr Ray and his other colleagues in the Citizens Initiative for Peace. The minister also rejected the claims of civil society activists about the role of Maoist leaders. (India Times)
Letters to the editor Oct 21, 2009
Over the long term, we can better address the needs of seniors by establishing a consumer price index for the elderly to determine an appropriate cost-of-living adjustment. But for 2010, the least we can do is to provide seniors with a modest increase in their benefits so they don't have to make the unacceptable choice between heating their homes or paying for prescription drugs this winter. (San Francisco Chronicle -- Opinion)
- Proposed water rate fee increase discussed in Imperial meeting (1) Oct 21, 2009
Any rate increases would be subject to changes in the consumer price index by the fourth year under the proposal. But a number of residents expressed their dismay that the plan would require them to pay more for water usage than they can afford. (El Centro Imperial Valley Press, CA)
Jaideep Mishra: Monetary policy Oct 21, 2009
It is true that consumer price index remains uncomfortably high. But disaggregated data does show that it is dearer food prices along with higher, imported crude oil costs thats keeping the increase in the CPI much too buoyant and in the double digits. (India Times)
Matching Gifts Oct 21, 2009
Matching Gift Companies - CLEMSON UNIVERSITY OFFICIAL ATHLETIC SITE. Matching Gift Companies Thank you for making the extra effort - and for your doubled support. (Clemsontigers.com)
State agency to raise cabin rates, extend lease terms Oct 20, 2009
They also voted to peg some of the cost of leases on the national consumer price index, so lease fees would reflect current economic conditions, as well as surrounding land values ... Going forward, she said, rates would go up every year using a new formula: the real estate appreciation index averaged with the consumer price index. (Montana Standard, MT)
Inflation worries triggered rate rise Oct 20, 2009
The September consumer price index will be published next week. Few clues of future moves. (Sydney Morning Herald -- Business)
As cost of living rises for seniors, so should the size of their checks Oct 20, 2009
The alleged reason for that denial, the lack of any significant rise in the consumer price index, is specious at best and dishonest at worst ... Yet, the elderly spend less than the American average on gasoline, since they drive far fewer miles but the major factor holding down inflation as measured by the consumer price index has been temporarily lower energy costs. (Atlanta Journal-Constitution -- Opinion)
Deflation fears persist amid beginning of economic recovery Oct 20, 2009
The consumer price index rose 0. 2% in September from August, the said last week. (USA Today -- Money)
- Voice: Many reasons for opposition (1) Oct 20, 2009
Tying the increases in years four and five to the CPI (Consumer Price Index) is a lazy way to complete the rate study, especially when a major project is in year five. (new wastewater plant). (El Centro Imperial Valley Press, CA)
Welcome new price index Oct 20, 2009
However, the government needs to press on with its agenda of price index reform: a producer price index, several and combined services indices, and an expanded consumer price index that better reflects todays urban consumption. There is little sense in releasing manufacturing price 00004000 data on a weekly basis, when only 16-20% of the WPI items are updated. (India Times)
Central landfill sale moving forward (3) Oct 20, 2009
The PSA limits rate increases to benchmarks such as the consumer price index and gives cities and county a say in how the landfill is run. Republic doesn t see the transaction as true divestiture but more of a partnership in which the cities and the county still have a lot of control, said Mike Caprio, the Republic Services chief for its West Coast operations. (Sebastopol Sonoma West Publishing, CA)
Clinging to misguided mentalities Oct 20, 2009
By this point, haven't we learned that rising CPI is not a primary contemporary risk associated with ultra-loose monetary policy. The mispricing of risk, unchecked speculation, asset-bubbles, financial fragility, and economic maladjustment have already proven themselves as deleterious effects of loose money. (Asia Times Online)
Obama Tries to Bribe Seniors With COLA Oct 20, 2009
Because of the substantial deflation that our economy went through last year, not least the collapse of energy prices from the peak of the oil "bubble", the Consumer Price Index for Urban Wage Earners (CPI-W), which is the basis for calculating Social Security cost-of-living adjustments ( COLA s), is down from the same period a year ago. This means, for the first time since the CPI-based formula came into effect in 1975, that there will be no COLA increase for 2010. (Human Events Online)
Gold bulls ready to resume charge Oct 19, 2009
He said the government has understated the cost of living over the past two decades with adjustments in the way it measures the basket of goods and services monitored by the US consumer price index, or CPI. ... 3 per cent. The CPI will drop 0 ... Today, the gap between golds spot price and its CPI-adjusted equivalent is the widest ever. (Sydney Morning Herald -- Business)
Canada's Dollar Climbs for Third Week, Moving Closer to Parity With U.S. Oct 19, 2009
3 percent, after Statistics Canada said the consumer price index declined in September for a fourth month, the longest stretch since 1953. The report spurred speculation that subdued inflation will allow the Bank of Canada to leave borrowing costs unchanged next week. (Bloomberg -- Canada)
Govt approves WPI series, NTPC stake sale Oct 19, 2009
India also releases data on consumer price index every month. The Cabinet approved sale of its five per cent stake in state-run power producer NTPC this fiscal. (India Times)
Cabinet OKs monthly release of WPI Oct 19, 2009
India also releases data on consumer price index every month. Read business stories in. (India Times)
China's economy has passed the worst and recovery will pick up momentum next year, according to a prominent Chinese economist. • Chinese economy expected to grow 9% in Q3: Experts Oct 19, 2009
According to a recent report by the Bank of Communications, although China's consumer price index (CPI) and producer price index (PPI) will continue to go down in the third quarter, the decline will be narrowed and the country's GDP growth rate is expected to reach 9 percent. Forecast from the U.S. investment bank Goldman Sachs is even bolder. (Xinhuanet, China)
GENERATION GAP: For young, recession offers deals of a lifetime Oct 19, 2009
The Consumer Price Index has recorded a rare drop over the past 12 months -- 1. 5 percent. (Orangeburg Times and Democrat, SC)
Galt councilman wants to look at rent control for mobile home parks (379) Oct 19, 2009
Usually it is tied to the cost-of-living through the Consumer Price Index ... ModestoOrdinance: Rent can increase by 100 percent of the Consumer Price Index based on the Western Region CPI, but not more than 6 percent of the base rent annually ... Sonoma CountyOrdinance: Rent can be 100 percent of the Consumer Price Index for the San Francisco, Oakland and San Jose index for the month of June each year. (Lodi News Sentinel, CA)
Benchmark index up; interest mainly on second liners Oct 19, 2009
TA Securities, in a report, said this week would see a slew of economic data like consumer price index and foreign reserves on Wednesday and Thursday respectively, as well as the tabling of Budget 2010 on Friday. The total allocation for Budget 2010 was estimated about RM177. (The Star Online, Malaysia)
British economy in for painful recovery: report Oct 19, 2009
"The weakness of domestic demand puts downward pressure on the Consumer Price Index, but this is offset by downward pressure on the exchange rate, helping to rebalance the economy in subsequent years.". The ITEM Club forecast comes ahead of Friday's official figures for July to September, which are expected to show that Britain's worst recession in decades has finally ended, with a quarter of positive GDP.. (Yahoo! Asia News)
Kevin 747 Flies on Beyond all Expectations Oct 18, 2009
yeah what a great PM. A Labor PM ignores the unemployed twice in the one year by totally ignoring any lift outside of the CPI of unemployment benefits. His largesses to the pensioners is admirable but it is alos political in that Rudd needs their votes, he wants their votes and he wil pay ayting he can for those votes. (Sydney Morning Herald -- Opinion)
Treating the Elderly Like Spoiled Brats Oct 18, 2009
In the following 12 months, though, the Consumer Price Index has dropped by 2. 1 percent. (Townhall.com)
