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.
UK pipeline inflation soared in April, far outpacing expectations, providing fodder for some of the more hawkish members of the Bank of England's Monetary Policy Committee ahead of June's MPC meeting -- the last for inflation-wary departing chief economist Andy Haldane.
Input PPI jumped to an annual rate of 9.9% last month from 6.4% in March, the Office for National Statistics said, with much of the upward pressure coming from the import of precious metals. Core input PPI (excluding food, beverages and petroleum) surged by 7.6%, the highest rate since January of 2009. Output PPI raced to 3.9%, the highest since October of 2019, from 2.3% in March. Core output prices rose by 2.5%, the highest since February 2019, from 2.0% in April.
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.