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SEOUL, Feb. 2 (Xinhua) -- South Koreas consumer prices rose 2 percent in January from a year earlier, marking the highest increase in over four years, a government report showed on Thursday.

The consumer price inflation, which stayed below 1 percent for four months through August last year, rebounded above 1 percent in September and rose to 2 percent in the first month of this year, Statistics Korea data showed.

Rapid spread of bird flu resulted in a surge in egg prices, boosting the headline inflation above 2 percent.

Tens of millions of chickens and ducks have been destroyed since a highly pathogenic strain of avian influenza (AI) was discovered in mid-November.

About one-third of total layer chickens, which lag eggs, were culled for the H5N6 virus infection. Egg price soared 61.9 percent in January from a year earlier, after rising 8.7 percent in December.

Prices for white radish surged 113 percent, with those for napa cabbage and carrot jumping 79 percent and 125 percent respectively.

Prices for agricultural, livestock and fishery products climbed 8.5 percent, raising the overall headline inflation by 0.67 percentage points.

Rebounding crude oil prices led to an 8.4 percent increase in oil product prices, which lifted the inflation by 0.36 percentage points.

LONDON adidas nmd r2 pas cher femme , Dec. 8 (Xinhua) -- British manufacturing continued its robust growth to remain the "bright spot of the economy" with the continuation of the longest period of growth for nearly a quarter of a century.

The Office for National Statistics (ONS) released industrial production figures for October on Friday, showing unchanged growth from September after a period of strong growth, with annual growth in industrial production at 3.6 percent.

MOMENTUM EXPECTED TO CONTINUE

But it was manufacturing output which caught the eye. A monthly increase of 0.1 percentage points in this sector seemed modest, but it came against the backdrop of half a year of strong growth in the sector adidas nmd r2 pas cher , and annualized growth that was impressive.

"This was the sixth successive monthly increase in manufacturing output, which is the best run for 23 years," Dr. Howard Archer, chief economic adviser to EY ITEM Club adidas nmd r1 pas cher femme , an economic forecasting firm in London.

"Manufacturing output only edged up by 0.1 percentage point, but that's in the context that it spiked by 0.7 percentage points in the previous month," explained Archer.

The 0.1 percentage point growth looked "uninspiring" said Archer, but the previous run of six months of growth revealed economic momentum in manufacturing to be "resilient".

Manufacturing output was up 3.9 percent year on year and 1.2 percent on the three months to October adidas nmd r1 pas cher , which boded well for continued growth in the fourth quarter and into 2018, said Archer.

"The manufacturing sector was very much the bright spark of the economy in the third quarter, and is carrying on decent momentum into the fourth quarter," he said.

Archer added: "November's survey evidence from the CBI and the PMI was very healthy for the manufacturing sector and it seems to be ending the year pretty well. It certainly remains a bright spot for the UK economy."

There is a sterling effect going on in the British economy adidas nmd human race pas cher femme , with an influence felt from the large fall in the pound, from 1.48 U.S. dollars at the time of the Brexit vote to 1.22 U.S. dollars for much of the past year, and now at 1.34 U.S. dollars.

This is a benefit and a minus for the economy, providing a stimulus to exporters by making them more competitive but also handicapping some of the same exporters through increased raw material and supply chain costs.

Archer noted that the October manufacturing figures were lifted by production of cars for export adidas nmd human race pas cher , which had been boosted by the more competitive pound.

This is in contrast to the domestic British car market which is suffering badly as annual inflation of 3 percent against annual wage rises of about 2 percent subdue spending on big ticket items.

But the handicap of higher raw material costs and supply chain costs that sterling has provided is also resulting in a domestic stimulus.

Archer explained: "There have been some signs, and the Bank of England has noted this, that some businesses are switching to domestic suppliers because of the pound's weakness; that is another area where the manufacturing sector is benefitting because of people switching their supply chain from overseas to Britain because of sterling's drop."

TRADE FIGURES DISAPPOINT

Trade figures for October were also released by the ONS, with the deficit at 1.4 billion pounds (1.88 billion U.S. dollars) adidas nmd city sock pas cher femme , much smaller than the consensus expectation of 3 billion pounds.

September's deficit also was revised smaller, to 1.1 billion pounds from 2.8 billion.

"The trade deficit widened because imports rose more than exports -- but if you look at exports volume data of traded goods there was quite reasonable export growth in October," said Archer.

The global economy is growing (the International Monetary Fund predicting in October growth of 3.6 percent for 2017) with global trade doing well and manufacturing across advanced and developing economies expanding.

The production figures showed that car manufacturers increased production by 6.3 percent in October over the same month last year.

This was driven by exports, with the trade figures showing that car exporters recorded the highest ever value of exports in November adidas nmd city sock pas cher , worth more than 4 billion pounds.

However, Archer noted that British export performance had been "fairly erratic".

"Overall the trade sector has not done as well as could have been hoped given the amount that sterling has fallen," he said.

"And given the growth in global trade and global growth exports should be in a sweet spot; the environment for exports is pretty good. Y. Cheap Jerseys   Cheap Custom Jerseys   Cheap Jerseys   Cheap Jerseys From China   Cheap Authentic Jerseys   Cheap NHL Jerseys Wholesale   Cheap NFL Jerseys Online   Cheap NCAA Basketball Jerseys   Cheap Nike NBA Jerseys   Wholesale Soccer Jerseys Free Shipping 


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