Forex News: 12.02.2007 Producer prices rose above expectations in Great Britain
In January output producer prices rose in Great Britain by 0.3%, compared with the preceding 0.2%, the National Office of Statistics reported today. It was expected that monthly output producer prices would not rise above 0.2%. Nevertheless, annual producer price inflation slowed down to 2.1% in January from 2.2% in December.Output producer prices excluding food, tobacco, drink and petroleum rose in January by 0.2%, compared with 0.1% in December. Annual output producer prices excluding food, tobacco, drink and petroleum fell to 2.2% from 2.3% in the preceding month.
Input producer prices, which do not include labor costs, fell in January by 2.0% in a month and 1.7% in a year, with expectations of 1.1% decrease in a month and the preceding reading of 0.1% rise in a month and 1.9% in a year.
posted by Kalin Tasev @ 4:08 AM
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