1/20, 8:01 AM (Source: TeleTrader)
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UK factory gate inflation up at -0.4% in December

The headline rate of output inflation for goods leaving the factory gate in the United Kingdom rose to negative 0.4% in December on the year, after November's negative growth of 0.6%, the Office for National Statistics said in a report released on Wednesday.

Meanwhile, the prices of materials and fuels used in the manufacturing process showed positive growth of 0.2% on the year, according to the report.

Petroleum products and oil contributed the most to the drop in the annual rates of output inflation and input inflation in December.

Breaking the News / JC