U.K’s producer price index increased more than forecasted in March.
According to data presented today by National Statistics producer price index in U.K. increased more than forecasted.
PPI reached seasonally adjusted 1.9% in March, exceeding expectations for 1.2% reading.
Prior month data was revised from2.1% to 2.5% gain.
After producer price inflation reading GBP was traded at 1.5922 against US dollar.