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Inflation steady at 3% despite food cost rise

Inflation steady at 3% despite food cost rise

Business
The rate of inflation remained static at 3% in October - defying expectations of a rise among economists and policymakers at the Bank of England.The Office for National Statistics (ONS) said rising food prices were largely offset by falling fuel costs last month.Forecasters had predicted an increase to at least 3.1% - a scenario that would have forced the Bank's governor to write to the Chancellor to explain why the Consumer Prices Index measure had exceeded 3%.Its inflation target is 2%. The Bank raised interest rates earlier this month to help tackle inflation in its belief the figure was to hit 3.2% in October.The ONS figures are likely to reinforce doubts among some economists on the wisdom of that rate hike, which has forced up many families' borrowing costs at a time when their spen...
IPhone X screen repairs could cost as much as $279

IPhone X screen repairs could cost as much as $279

Technology
The high price tag of Apple's iPhone X didn't stop people from pre-ordering it. But repairing the $ 999 phone's screen could set some users back $ 279. IPhone users who did not opt for the AppleCare+ plan, which costs $ 199, will have to pay $ 279 to have their screens replaced, according to Apple. That price only includes screen damage. But for users who have AppleCare+, the price drops to $ 29. In comparison, Apple charges $ 169 to replace the screen on the iPhone 8 Plus, iPhone 7 Plus and iPhone 6s Plus. The price is $ 29 for users with AppleCare coverage. Issues caused by accidental damage aren’t covered under AppleCare, according to Apple's website. Third-party retailers typically offer the same services at a lower cost for repairs. The $ 279 price tag may seem unusually high, but
The $10.4 billion cost of the flu on the US economy

The $10.4 billion cost of the flu on the US economy

Finance
There's something even scarier than Halloween ghosts and goblins lurking around the corner: The flu.Every year around this time, the ever-evolving influenza virus begins descending upon the Northern Hemisphere, bringing misery to the millions of Americans who end up suffering from it.On top of the wretched physical symptoms it causes — including fever, chills, muscle aches, cough and fatigue — the cost of getting the flu is generally greater than a dose of prevention.Yet most people apparently don't mind the risk. In the 2015-2016 flu season, just 43.3 percent of U.S. adults got the flu vaccine, according to the Centers for Disease Control and Prevention. For those under age 18, the rate was 59 percent. (Click on CDC chart below to enlarge.)At the same time, an estimated 24.5 million were
Pick the wrong Medicare drug plan and the cost could shock you

Pick the wrong Medicare drug plan and the cost could shock you

Finance
As prescription drug prices continue their upward climb, Medicare beneficiaries should pay close attention to the coverage they choose during open enrollment.During this window, which lasts through Dec. 7, you can choose drug coverage (Part D) either as a standalone plan that serves as a supplement to original Medicare (Parts A and B) or as part of a Medicare Advantage Plan (Part C).Either way, experts say that while you should ensure that any medications you take are covered, don't stop your search at the first choice meeting that basic minimum."It's really important to compare plans, because they can be very different in pricing and the pharmacies included," said Matt Chancey, a certified financial planner based in Orlando.Americans spent $ 457 billion on prescription drugs in 2015, acco...
Supreme Court orders Unitech to pay litigation cost to home buyers

Supreme Court orders Unitech to pay litigation cost to home buyers

Finance
NEW DELHI: In a first of its kind order, the Supreme Court on Wednesday directed Unitech to pay litigation cost to home buyers who have succeeded before the grievance redressal commission in their lawsuit against the real estate major.A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud directed the real estate major to pay Rs 80,000 each as litigation cost to 39 flat buyers in one of the developer's projects.The court directed Unitech to pay the amount of the litigation costs within four weeks to buyers who have succeeded before the National Consumer Disputes Redressal Commission (NCDRC) in getting their principal amount and interest.Let's block ads! (Why?) Personal Finance News-Wealth-The Economic Times