Economic and Political Headline
• Food inflation went up by a notch, to 16.49%, for the week ended May 8. Annual food inflation in the previous reporting week was 16.44%. Fuel prices remained flat over the week. During the week, prices of non-food articles declined by 0.35%, as raw rubber prices sank 7% and linseed fell 2%. On an annual basis, pulses turned costlier by 33.65% and fruits by 17%. (BS)
• More Americans unexpectedly filed applications for unemployment benefits last week, showing firings remain elevated even as employment climbs. Initial jobless claims rose by 25,000 to 471,000 in the week ended May 15, Labor Department figures showed in Washington. (Bloomberg)
• UK retail sales rose for a third month in April as the economic recovery encouraged consumers to spend more at clothing shops and department stores. Sales climbed 0.3% from March, when they increased 0.5%, the Office for National Statistics said in London. Excluding fuel, sales rose 0.1%. (Bloomberg)
• Food inflation went up by a notch, to 16.49%, for the week ended May 8. Annual food inflation in the previous reporting week was 16.44%. Fuel prices remained flat over the week. During the week, prices of non-food articles declined by 0.35%, as raw rubber prices sank 7% and linseed fell 2%. On an annual basis, pulses turned costlier by 33.65% and fruits by 17%. (BS)
• More Americans unexpectedly filed applications for unemployment benefits last week, showing firings remain elevated even as employment climbs. Initial jobless claims rose by 25,000 to 471,000 in the week ended May 15, Labor Department figures showed in Washington. (Bloomberg)
• UK retail sales rose for a third month in April as the economic recovery encouraged consumers to spend more at clothing shops and department stores. Sales climbed 0.3% from March, when they increased 0.5%, the Office for National Statistics said in London. Excluding fuel, sales rose 0.1%. (Bloomberg)