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 slowed from May's elevated levels, but remained high by historical standards. Input prices rose by an annual rate of 9.1%, undershooting the expected 11.0% pace, and well below the downwardly-revised 10.6% rate in May, the Office for National Statistics said Wednesday. Metals and non-metallic minerals provided the biggest upward contribution to input prices. Core input PPI rose by 7.4%, matching the downwardly-revised pace of May, the biggest rise since January of 2009.
Output PPI slowed to an annual rate 4.3% from 4.4%, but core output PPI rose to 2.7% from 2.3%, the fastest pace since January of 2019. Transport equipment provided the biggest upward contribution to output PPI. After reweightings to the basket early this year, transport equipment became the second biggest output PPI category, while petroleum products fell from second to fifth. Statisticians do not release the precise weightings of sector in the PPI basket.
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.