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U.K. PPI input inches up 0.1% in November

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Investing.com - Investing.com - Producer price inflation in the U.K. inched up in November, confounding expectations for a modest decline, official data showed on Tuesday.

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

PPI input for October was revised to a 0.1% gain from a previously reported increase of 0.4%.

The report also showed that PPI output fell a seasonally adjusted 0.2% last month, defying expectations for a 0.2% increase, after rising 0.2% in October.

Following the release of that data, the pound was higher against the U.S. dollar, with GBP/USD adding 0.12% to trade at 1.6223.

Meanwhile, European stock markets remained broadly higher. London's FTSE 100 rose 0.35%, the EURO STOXX 50 gained 0.55%, France's CAC 40 added 0.25%, while Germany's DAX advanced 0.6%.

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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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