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(MNI) LONDON
(MNI) London
UK producer price inflation surged to the highest level in nearly a decade in August, suggesting the CPI could soon rise further from the near-nine-year high of 3.5% recorded last month.
Output prices surged by 5.9% from 5.1%, the fastest pace since November 2011, the Office for National Statistics said, while core output inflation accelerated to 5.3% from 4.2%, the highest rate since November 2008. Input price inflation surged to 11.0% from 10.4% in July, the fastest pace since October 2008.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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