7/14, 8:03 AM (Source: TeleTrader)
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UK producer prices yearly rise 4.3% in June

The headline rate of output prices in the United Kingdom annually grew less than expected 4.3% in June, decelerating gains compared to the previous month.

According to a report published by the Office for National Statistics on Wednesday, the headline rate of input prices also slowed growth by expanding 9.1%, with transport equipment, metals and non-metallic minerals providing the largest upward contributions.

The producer prices in the service sector increased by 2% in the second quarter of the year, 0.7 percentage points higher compared to the growth seen in the previous trimester. Professional, scientific and technical services provided the largest upward contribution, the report concluded.

Breaking the News / ND