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Input PPI Accelerates on Oil; Output PPI....>

UK DATA
UK DATA: Input PPI Accelerates on Oil; Output PPI Lower
-UK April Input PPI +3.8% y/y vs +3.2% in Mar
-UK April Output PPI +2.1% y/y vs +2.2% in Mar
-UK April Core Output PPI +2.2% y/y vs +2.2% in Mar
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Input price inflation jumped to its highest level since February, lifted 
by the recent surge in crude oil prices, although increased energy costs 
have yet to feed through to output prices. However, the rise in 
intermediate inflation fell short of the MNI median forecast of a 4.5% 
annual increase in input PPI and a 2.3% rise in output PPI. 

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