UK PPI input up by 1.7%

Friday, 7 October 2011 11:44

The change in the price of goods and raw materials purchased by manufacturers in the United Kingdom rose unexpectedly from -1.8, which was the report in August, to 1.7% in September while expectations rallied around 1.3%. 

In the year of September 2011, the total input price Index rose by 17.5%. 

The U.K currency didn't react greatly to the good news, moving only slightly against the U.S Dollar from 1.5517 to 1.5510 and back to 1.5517.