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MNI DATA BRIEF: UK Jan Factory Gate Inflation At New Highs

(MNI) LONDON
(MNI) Lond

UK output price inflation accelerated to an annual rate of 9.9% in January, the fastest pace since September of 2009, from 9.3% in December. That’s far higher than the 9.1% pace forecast by City analysts. Core output PPI also picked up steam, rising to a record-high 9.3% from 8.6% in December.

Other manufactured products provided the biggest lift to output PPI, particularly timber used in construction. Input PPI eased modestly from elevated levels, slipping to an annual rate of 13.6% from 13.8%.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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