9/16, 8:01 AM (Source: TeleTrader)
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UK PPI unchanged YoY at negative 0.9% in August

The headline rate of output inflation for goods coming out of factories in the United Kingdom was unchanged and remained at a negative 0.9% in the twelve months to August, the country's Office for National Statistics reported on Wednesday.

Petroleum products were the largest downward contribution to the output inflation, while crude oil provided the biggest downward push to the input inflation.

Materials and fuels prices in manufacturing showed a negative growth of 5.8% year on year, declining by 0.1 percentage points compared to the annual figure in July.

Breaking the News / VP