

By Geoffrey Smith
Investing.com -- U.K. consumers ramped up their credit card spending ahead of the holiday season, as inflation for groceries in particular continued to run well ahead of the rate of wage growth.
Figures from the Bank of England showed consumer credit rose £1.507 billion (£1=$1.2062) in November, its biggest increase in five months and well ahead of analysts' forecasts, as households prepared for the Christmas holiday season with inflation running at over 10%.
The British Retail Consortium said on Wednesday that overall shop price inflation had eased moderately to 7.3% in December from 7.4% in November. but food prices - which loom particularly large during the festive season - accelerated strongly to 13.3% from 12.4%, offsetting declines in non-food prices.
A parallel survey by market research firm Kantar Worldpanel, meanwhile, suggested that grocery prices rose 14.2% from a year earlier in December, while sales volumes fell 1%.
The BRC, a retail industry body, blamed the war in Ukraine for keeping the price of key inputs into food production - such as animal feed, fertilizer and energy - higher than they would otherwise be. Others, such as UBS Global Wealth Management chief economist Paul Donovan, noted that rising corporate profit margins have also played an important role.
"If companies can convince customers that price increases are due to forces beyond their control, they can persuade customers to accept expanding profit margins," Donovan said in a daily briefing, adding that "in recent months, agricultural output prices have been falling."
Analysts said the figures provide a weak backdrop to the U.K. retail sector ahead of updates from High Street stalwarts Next (LON:NXT) and Greggs (LON:GRG) later this week.
"With shoppers having less money to spend on discretionary retail having paid for their essential groceries, there will be little to stimulate demand across the non-food channels," said Mike Watkins, head of retailer and business insight at NielsenIQ. “The increase in food inflation is going to put further pressure on household budgets and it’s unlikely that there will be any improvement in the consumer mind-set around personal finances in the near term."
The trend in consumer credit stood in stark contrast to housing-related credit in November. The Bank of England's data showed mortgage approvals fell by some 20% as the market struggled to recover from the volatility in local capital markets caused by the disastrous and short-lived premiership of Liz Truss.
EUR/USD
1.0867
-0.0022 (-0.21%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
EUR/USD
1.0867
-0.0022 (-0.21%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
GBP/USD
1.2398
-0.0008 (-0.07%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (4)
Sell (3)
USD/JPY
129.84
-0.37 (-0.28%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (2)
Sell (3)
AUD/USD
0.7107
-0.0006 (-0.09%)
Summary
SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (2)
USD/CAD
1.3312
-0.0008 (-0.06%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (3)
Sell (5)
EUR/JPY
141.10
-0.69 (-0.49%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
EUR/CHF
1.0008
-0.0011 (-0.11%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (0)
Sell (7)
Gold Futures
1,928.15
-1.85 (-0.10%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (7)
Silver Futures
23.707
-0.313 (-1.30%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Copper Futures
4.2260
-0.0415 (-0.97%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (5)
Crude Oil WTI Futures
79.42
-1.59 (-1.96%)
Summary
NeutralMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (4)
Sell (3)
Brent Oil Futures
86.38
-1.09 (-1.25%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (3)
Sell (4)
Natural Gas Futures
2.862
+0.014 (+0.49%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (9)
US Coffee C Futures
169.25
+2.10 (+1.26%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (7)
Euro Stoxx 50
4,178.01
+4.03 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
S&P 500
4,070.56
+10.13 (+0.25%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
DAX
15,150.03
+17.18 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
FTSE 100
7,765.15
+4.04 (+0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Hang Seng
22,688.90
+122.12 (+0.54%)
Summary
BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (2)
Sell (2)
US Small Cap 2000
1,911.47
+8.40 (+0.44%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (0)
Sell (6)
IBEX 35
9,060.20
+24.60 (+0.27%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
BASF SE NA O.N.
52.790
+0.170 (+0.32%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Bayer AG NA
56.28
+0.24 (+0.43%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (3)
Allianz SE VNA O.N.
221.65
+0.05 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Adidas AG
148.30
+3.02 (+2.08%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (7)
Deutsche Lufthansa AG
9.755
+0.028 (+0.29%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (10)
Sell (0)
Siemens AG Class N
144.50
+0.44 (+0.31%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (1)
Deutsche Bank AG
12.340
+0.208 (+1.71%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
EUR/USD | 1.0867 | ↑ Sell | |||
GBP/USD | 1.2398 | Neutral | |||
USD/JPY | 129.84 | Sell | |||
AUD/USD | 0.7107 | Sell | |||
USD/CAD | 1.3312 | Neutral | |||
EUR/JPY | 141.10 | ↑ Sell | |||
EUR/CHF | 1.0008 | Neutral |
Gold | 1,928.15 | ↑ Sell | |||
Silver | 23.707 | ↑ Buy | |||
Copper | 4.2260 | Neutral | |||
Crude Oil WTI | 79.42 | Neutral | |||
Brent Oil | 86.38 | Sell | |||
Natural Gas | 2.862 | ↑ Sell | |||
US Coffee C | 169.25 | Sell |
Euro Stoxx 50 | 4,178.01 | ↑ Buy | |||
S&P 500 | 4,070.56 | ↑ Sell | |||
DAX | 15,150.03 | ↑ Buy | |||
FTSE 100 | 7,765.15 | ↑ Buy | |||
Hang Seng | 22,688.90 | Buy | |||
Small Cap 2000 | 1,911.47 | ↑ Sell | |||
IBEX 35 | 9,060.20 | ↑ Buy |
BASF | 52.790 | ↑ Buy | |||
Bayer | 56.28 | ↑ Buy | |||
Allianz | 221.65 | ↑ Buy | |||
Adidas | 148.30 | Sell | |||
Lufthansa | 9.755 | ↑ Buy | |||
Siemens AG | 144.50 | ↑ Buy | |||
Deutsche Bank AG | 12.340 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,720/ 6,820 (0/ 0) # 1,331 |
SJC HCM | 6,750/ 6,850 (0/ 0) # 1,361 |
SJC Hanoi | 6,750/ 6,852 (0/ 0) # 1,363 |
SJC Danang | 6,750/ 6,852 (0/ 0) # 1,363 |
SJC Nhatrang | 6,750/ 6,852 (0/ 0) # 1,363 |
SJC Cantho | 6,750/ 6,852 (0/ 0) # 1,363 |
Cập nhật 28-01-2023 04:52:06 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,928.71 | -1.86 | -0.10% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.010 | 23.470 |
RON 95-III | 22.150 | 22.590 |
E5 RON 92-II | 21.350 | 21.770 |
DO 0.05S | 21.630 | 22.060 |
DO 0,001S-V | 23.390 | 23.850 |
Dầu hỏa 2-K | 21.800 | 22.230 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $79.54 | +1.7 | 2.10% |
Brent | $86.08 | +1.29 | 1.48% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.260,00 | 23.630,00 |
EUR | 24.857,55 | 26.249,47 |
GBP | 28.270,18 | 29.475,66 |
JPY | 175,71 | 186,02 |
KRW | 16,43 | 20,02 |
Cập nhật lúc 18:54:25 27/01/2023 Xem bảng tỷ giá hối đoái |