11/18/2020, 8:01 AM (Source: TeleTrader)
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UK producer prices fall 1.4% in October

The headline rate of inflation for goods coming out of factories in the United Kingdom stood at a negative 1.4% in the twelve months to October, the country's Office for National Statistics (ONS) said on Wednesday.

The largest downward contribution to output annual inflation came from petroleum products, which had negative annual price growth of 35.7%. On a monthly basis, the output inflation rate was unchanged.

Meanwhile, the annual input inflation rate stood at a negative 1.3%, improving from a negative 2.2% in September but remaining in negative territory for the ninth consecutive month.

Breaking the News / NP