U.K’s producer price index increased more than forecasted in March.

Friday, 13 April 2012 02:31

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.