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U.K. PPI input fell unexpectedly in August

Published 09/12/2010, 04:01 AM
Investing.com – U.K. producer price inflation input fell unexpectedly in August, official data showed on Friday.

In a report, the U.K. Office for National Statistics said that input producer price inflation fell by a seasonally adjusted 0.5% in August after falling 1.0% in July.

Analysts had expected input producer price inflation to rise by 0.2% in August.

The report also said that output producer price inflation was unchanged in August.

The report said that the drop in input costs was due to lower prices for petroleum, electrical and transport equipment products.

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