FTSE 100 data reveals a stoppage in consumer price inflation
Consumer price inflation rate did not change at all from February- March 2017
by Abi Moses on 12th April, 2017
According to data that has been gathered, the consumer price inflation rate did not change at all from February- March 2017, standing at 2.3% across both months.
Even though this figure did not change throughout both months, it has not been revealed that the price is now up 23 at approximately 7,372. Though, it had plummeted down to 7,360 before the data was revealed.
Despite the FTSE 100 being knocked off the top, it is still being accredited as firmly in the blue regardless of its retail report. This comes regardless of the fact that the retail sales in March was -1.0% compared to -0.5% in February.
Speculation has raised with regards to the economic differences Easter will bring to these figures. However, it is not predicted to make a huge dissimilarly due to a lot of shopping being done online.
“What’s more, the trend in sales volumes has weakened more decisively than the BRC’s measure suggests, because deflation on the high street has eased. Indeed, year-over-year growth in the BRC’s Shop Price Index increased to -0.8% in March—its highest rate since December 2013 - from -1.0% in February,” Pantheon said.
However, related retail stocks such JD Sports Fashion PLC were the best FTSE 350 performer, advancing 7.8% to 438.25p with regards to the results, which were better than expected. Furthermore, Randgold Resources Limited were up at 1.7% and were the best performer. Randgold were followed closely by Fresnillo PLC, which were up by 1.1%. The FTSE 100 was up at 7,376.
Furthermore, Britain has seen the biggest drop in retail sale prices. Although, this excludes food for the first time in six years. According to the British Retail Consortium other sales items fell by approximately 0.8%. The paper also confirmed that Jaegar, the high street fashion chain has officially collapsed, putting as many as 700 jobs at risk.
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