6/16, 8:01 AM (Source: TeleTrader)
more TeleTrader news

UK producer prices rise by 4.6% in May

The headline rate of output inflation for goods leaving the factory gate in the United Kingdom came in at 4.6% in the 12 months to May 2021, slightly above analysts' expectations, the Office for National Statistics (ONS) revealed on Wednesday. In comparison to the previous month, the figure went up by 4.0%.

Meanwhile, the headline rate of input prices grew by 10.7% since the month before, reaching its highest rate since September 2011.

The report noted that transport equipment, and metals and non-metallic minerals contributed the most to the rises in annual rates of both output and input inflation.

Breaking the News / JR