Summary
Factory gate inflation picked up more than expected in September to its sharpest rate in five months as the price of petroleum products surged, official data showed yesterday.
The Office for National Statistics said producer output prices rose an unadjusted 0.7 per cent last month, taking the annual rate of increase to 3.3 per cent from three per cent in August.See the full content of this document
Extract
Factory Gate Prices at Five-Month High
Analysts had predicted the rate would stay at three per cent.
The main reason was petroleum products, the price of which rose by 17.4 per cen...See the full content of this document
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