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U.K. PPI input jumps 3.2% in February

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Investing.com - Producer price inflation in the U.K. rose significantly more-than-expected in February, official data showed on Tuesday.

In a report, the U.K. Office for National Statistics said that PPI input rose by a seasonally adjusted 3.2% in February, blowing past expectations for a 1.9% increase.

PPI input for January rose by an unrevised 1.3%.

The report also showed that PPI output rose by a seasonally adjusted 0.8% last month, above expectations for a 0.3% gain, after inching up 0.2% in January.

Following the release of that data, the pound trimmed losses against the U.S. dollar, with GBP/USD shedding 0.1% to trade at 1.5094.

Meanwhile, European stock markets held on to losses. London's FTSE 100 dipped 0.3%, the EURO STOXX 50 declined 0.7%, France's CAC 40 fell 0.7%, while Germany's DAX slumped 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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