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Vettel wins in Monaco to extend his F1 lead
Vettel denies Ferrari had team orders
British Airways says restarts flights from Gatwick and Heathrow
Moody's reduces China's credit rating over debt concerns
United Kingdom unemployment hits lowest level in 42 years
20 May 2017, 02:39 | Austin Hogan
RBI likely to keep rates unchanged this year; 2018 may witness 50bps rate hike: Nomura
The rising rate is caused by falling value of the British currency following the last year's Brexit vote, according to the ONS.
Meanwhile, the number of employed workers rose less than expected, climbing by 122,000 to 31.95 million in the quarter to March, compared to the previous three months.
On a month-on-month basis, the report stated the Headline index increased by 1.60 per cent in April which was 0.12 per cent points lower than the rate recorded in March.
The Statistics Department said the increase was fuelled by price rises in food sub-groups comprising Oils and Fats (39.1 per cent), Fish and Seafood (6.2 per cent) and Meat (4.2 per cent).
"Such spending will get harder to maintain as inflation remains above 2 per cent, and perhaps goes even higher, and so cuts into the growth of wages and living standards in real terms".
The ONS yesterday said that inflation hit its highest level in almost four years in April at 2.7 per cent, as sterling's weakness, electricity price hikes and rising air fares bumped up the cost of living.
Food prices also shot up over the month, seeing a 0.2 per cent month-on-month rise. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
Inflation rose to a higher than expected 2.7% last month as the squeeze on household budgets intensified.
Sidney Crosby, Penguins beat Senators 3-2 to tie series
While defense has been an issue at times Evgeni Malkin knows they to start putting the puck in the net if they hope to move on. Murray saw his first playoff action Wednesday night in Game 3, as Sullivan benched Fleury after Ottawa's hot start.
The overall inflation rate, measured by CPI, is consistent with economists' views that inflation has peaked in March.
Martin Beck, senior economic adviser to the EY ITEM Club, said that "real regular pay fell for the first time since late 2014".
The Bank of England expects wages to rise by 2% this year before picking up in 2018 and 2019.
The rate of economic inactivity was 21.5 per cent of all 16 to 64-year-olds, the lowest on record. However, inflationary pressure also came from clothing and energy costs, with none of the 13 categories of products and services witnessing price falls.
Excluding bonuses, wages were up just 2.1 per cent in the three months to March, below City analysts' expectations of a 2.2 per cent expansion, and meaning on that on this metric real pay fell by 0.2 per cent.
"This impact has been offset to some extent by continued subdued growth in domestic costs". In recent months, the ONS began including extended commentary on CPIH in its CPI releases, as it believes the reading is a more accurate gauge of price changes.
The 3% inflation level is likely to be a key threshold for the Bank of England and a move above this level would increase pressure for interest rates to be increased.
Trump seeks to move past controversies as he lands in Riyadh
After Saudi Arabia, Trump will head to Israel and the Palestinian Territories where he hopes to revive the moribund peace process. Mr Trump was greeted by King Salman, they exchanged a handshake and Mr Trump said it was "a great honour" to be there.
Man tried to get into cockpit on flight to Hawaii
Uskanil was subdued for the rest of the flight and arrested in Honolulu when the plane landed with a military escort. The source, who was not authorized to speak publicly, said they believe it was a case of an unruly passenger.
"I really love what I do"says, Kimberly Guilfoyle"
It's the latest in a series of rumors and rumblings about Spicer that started nearly since Day 1 of Trump's administration. She was reportedly considered for press secretary during the transition, although Spicer ultimately beat her out.
Celtics seeking validation against Cavaliers in East finals
Si Woo Kim of South Korea became the youngest victor of The Players Championship with a game and nerves well beyond his 21 years. They're just using the college system as a stepping stone to the National Basketball Association and that's really unfortunate.