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Falling Fuel Prices Push PPI Falls to Lows..>

UK DATA
UK DATA: Falling Fuel Prices Push PPI Falls to Three-Year Lows 
-UK Sept Input PPI -2.8% y/y, biggest decline since May 2016
-UK Sept Output PPI +1.7% y/y vs +2.0% in Aug
-UK Sept Core Output PPI +1.7% y/y vs +2.0% in Aug
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Pipeline inflation receded last month, as crude oil prices plunged by an 
annual rate of 14.6%, shaving 0.6 percentage points from the change in 
input PPI. However, price pressures ebbed across the board, with costs 
declining in all nine input price product groups, excepting imported 
metals. Output PPI recorded its smallest rise since August 2016, and 
recent sterling strength could keep inflation in check over the months 
to come. The sterling effective exchange rate index rose by 2.4% between 
August and September, the first increase since March and the biggest 
jump since November of 2016. 

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