Britain’s Producer Price Index Falls 0.8% in December

According to the Office for National Statistics (ONS), the Producer Price Index (PPI) Output fell 0.8% in December compared to November. The PPI Input also decreased by 1.1% month-on-month. These numbers were below expectations, with analysts predicting a 0.3% increase in PPI Output and a 0.6% decrease in PPI Input for December.

The release of PPI data for November and December was delayed by the ONS due to issues with the price data used.

The Bank of England (BoE) is closely monitoring the PPI figures for signs of future inflation. Investors are expecting the BoE to raise interest rates for the 10th consecutive time on February 2nd, with most forecasting a further 0.5% increase to 4%.

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