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British Inflation in Decline?

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The producer price index (PPI) input and output data was released by the UK's Office of National Statistics this morning and revealed a potential decline in the inflationary growth of raw materials. The price paid by manufacturers for the purchase of raw materials dropped 1.9% this month, lower than the forecast decline of 1.6%.

The input data translated to a slower increase in the price of goods sold by manufacturers as well. The percent change in output prices rose by only 0.1% this month instead of the expected 0.2% growth. The data signals a potential contraction in manufacturing growth which could translate into fewer jobs and a sluggish economy in Britain.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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