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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.
Producer price inflation rose to the highest level since the Autumn of 2018 as rising costs of raw materials saw input factory gate prices rise by 5.9% y/y, the Office for National Statistics said Wednesday, rising from 3.3% in February. Input prices were last higher in September 2018, when they rose 6.0% y/y, and will undoubtedly pique the interest of Bank of England policymakers.
Output prices, the cost of goods leaving factories, rose to 1.9% in March, the highest level since May 2019, up from 0.9% in the previous month.
Transport equipment, and metals and non-metallic minerals provided the largest upward contributions to the annual rates of both output and input inflation respectively, the ONS noted.
Source: Bloomberg
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.