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PPI Retreats Despite Rising Fuel Prices.....>

UK DATA
UK DATA: PPI Retreats Despite Rising Fuel Prices
-UK Mar Input PPI +3.7% y/y vs +4.0% in Feb
-UK Mar Output PPI +2.4% y/y unchanged from Feb
-UK Mar Core Output PPI +2.2% y/y vs +2.3% in Feb; lowest since Apr 2018
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Rising fuel prices failed to lift intermediate price inflation, 
with downward pressure from tobacco and alcoholic costs keeping output 
prices in check. However, output price inflation exceeded the MNI 
median forecast of a 2.1% annual rise. Falling prices for home-produced 
food products countered rising crude oil prices in the calculation of 
input CPI.  

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