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.
Intermediate UK inflation topped analysts expectations in July, with output PPI rising by 4.9%, well above the forecast 4.5%, the fastest pace since April 2005. Core input PPI jumped to an annual rate of 3.9%, from 3.1% in June, the highest since August of 2011, the ONS said.
Transport equipment provided the second-biggest upward influence on input PPI, despite falling on an annual basis. However, transport equipment accounts for a larger share of the PPI basket than in 2020; after a reweighting earlier this year, transport equipment has become the second biggest category in the index, up from third last year.
The rise in input PPI was more muted, increasing to an annual rate of 9.9%, from 9.7% in June, but still below the precent peak of 10.4% touched in May. However, input PPI rose by 8.7%, from 7.8% in June, the fastest pace since December of 2008
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.