UK inflation drops to lowest since 2016 as virus hits
22 May, 2020, 22:28
Excluding energy, however, the CPI rose 0.7%.
On month-on-month basis, the food sub-index increased by 1.18 percent in April, up by 0.24 percent points from 0.94 percent recorded in March.
Core consumer prices fell from a year earlier in April, recording the first decline in 40 months, government data showed Friday.
The drop was mainly due to the low price of crude oil.
In an afternoon speech, Bank of Canada deputy governor Timothy Lane said numerous changes will reverse as restrictions are eased and businesses reopen, but warned of "persistent price effects" for different products and services and further changes in consumption patterns.
Food, however, increased in price by 3.4%, while cleaning products surged 4.6%.
Energy prices also pushed inflation lower as regulator Ofgem reduced its default tariff cap.
Bank of England deputy governor Ben Broadbent recently said it was possible that inflation could fall into deflationary territory, below zero, by the end of 2020.
The year-on-year growth in prices, down from 1.5% in March, is the lowest since August 2016.
As the coronavirus pandemic caused Canada's economy to enter into lockdown mode, the demand for consumerism decreased, and fossil fuel prices plummeted.
The federal government had on May 2, 2020, directed the release of about 17,500 metric tonnes of assorted grains from the Yola National Food Reserve site for distribution as palliatives to Nigerians.
Economists on average expected a reading of -0.1 per cent for April, according to financial markets data firm Refinitiv.
"Nevertheless, with the economy likely still underperforming if and when further restrictions are lifted, there will be an underlying drag on inflation that central bankers will need to offset with additional monetary easing", Mendes writes. "The core measures preferred by the Bank of Canada also seemed to be holding up relatively well since the imposition of strict lockdown measures across the country, the average of the three main gauges having slipped only three ticks since November (from 2.1% to 1.8%)".
Face masks, meanwhile, cost 5.4 percent more and fresh food 11.2 percent - with cabbages sprouting price increases of 48.2 percent - as more people stayed home.
Megan Fox and Machine Gun Kelly are confirming their new love relationship with the video for the single " Bloody Valentine ". In the music video, which was released on Wednesday, Fox is dancing in her underwear and singing MGK's new pop-rock song.
He was averaging a career-high 20.2 points per game when the National Basketball Association went into hiatus in mid-March. Bogdanovic is out for the season, should the 2019-20 campaign resume at some point in the near future.
In a further announcement, Sharma said a global licensing agreement had been finalised between Oxford University and AstraZeneca. The study also proved that the drug was safe for the animals, as it didn't cause an enhanced COVID-19 case in the subjects.
Investigators believe that he was murdered and dismembered while she waited outside, but his remains have never been recovered. In all, 11 people were put on trial in Saudi Arabia over the killing. "Other legal procedures by the state continue".
The blooms the researchers mapped can remove as much carbon from the atmosphere as driving a auto a million miles would create. Blooming algae across the surface of the peninsula are causing the snow to turn green.
The province says 984 COVID-19 patients are hospitalized, with 155 being treated in intensive care units. As of 10:30 am on May 21, Ontario is reporting 24,187 cases of the novel coronavirus in the province.
According to the emergency services, those who were injured in the store were mostly women, aged between 18 and 30. Hijab House said both customers and staff had been injured. "The important thing is everyone is still alive".
WarnerMedia Hiring 200 On Eve Of HBO Max Launch 05/19/2020
In addition, HBO Max will be available to smaller ops through an agreement with the National Cable Television Cooperative (NCTC). These new names are in addition to previously announced distribution partners Apple, Charter, Google, Hulu and YouTube TV .
City Hall reopens to public access
Two of the city-owned golf courses, Fanshawe Golf Course and Thames Valley Golf Course, opened to the public last weekend. The city of Orillia will reopen some park amenities to the public as the warm weather beckons more residents outdoors.
Trump Floats Hosting G-7 Summit in US After All
Canada's Prime Minister Justin Trudeau , who hosted the 2018 summit, said any in-person gathering would have to prioritize safety. And earlier this week the US and Canada agreed to keep their shared border closed to nonessential travel through June 21.
Kuo: Apple may not bundle earbuds with iPhone 12
So according to Ming Chi-Kuo, Apple is going "heavily promote or discount the AirPods this holiday season". AirPods have become an increasingly important part of Apple's product lineup since their 2016 debut.
Pakistani passenger plane crashes, 107 on board
The airline's chairman resigned in late 2016, less than a week after the crash of an ATR 42 turboprop killed 47 people. Karachi Mayor Wasim Akhtar, speaking from the scene of the crash, said none of the passengers or crew survived.
Global COVID-19 cases top 4.8 mn: Johns Hopkins
Countries with over 200,000 cases also included Russia, Britain, Brazil, Spain and Italy, according to the CSSE data. Worldwide, there are 4.8 million confirmed cases of COVID-19, and more than 300,000 deaths linked to the disease.
India central bank slashes rates, warns of contraction
"Reverse repo rate stands reduced to 3.35%", Shaktikanta said. "RBI MPC voted 5-1 for a 40 bps repo rate cut to 4%", he added. The key interest rate was slashed by 40 basis points to four percent, making it the lowest level since 2000.