Monday, January 15, 2007

Forex News: 15.01.2007 The rise of PPI in Great Britain exceeded expectations

As the National Office of Statistics reported today, the producer price index, reflecting price inflation for manufactured products, rose more substantially than the analysts expected.

The output producer prices rose in December by 0.2% in a month and by 2.2% in a year, compared with 0.0% and 1.8% in the preceding month.

The input producer prices, which do not include labor costs, increased in December by 0.3% in a month and 2.7% in a year, compared with 0.1% and 2.8% in November, in a month and year respectively.

Nevertheless, the growth of producer prices, excluding food and energy, slowed down in December since the index was 0.1% in a month and 2.3% in a year, compared with 0.2% and 2.4% in the preceding month.


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