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U.K. PPI input falls 0.2% in December

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Investing.com - Producer price inflation in the U.K. fell more-than-expected in December, dropping for the first time in three months, official data showed on Tuesday.

In a report, the U.K. Office for National Statistics said that PPI input declined by a seasonally adjusted 0.2% in December, compared to expectations for a 0.1% decline.

PPI input rose by 0.1% in November.

The report also showed that PPI output fell a seasonally adjusted 0.1% last month, defying expectations for a flat reading after dropping 0.3% in November.

Following the release of that data, the pound was trimmed gains to trade little changed against the U.S. dollar, with GBP/USD adding 0.02% to trade at 1.6082.

Meanwhile, European stock markets were mixed. London's FTSE 100 rose 0.1%, the EURO STOXX 50 shed 0.3%, France's CAC 40 was flat, while Germany's DAX dipped 0.1%.

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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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