UK August PPI input prices +2.2% m/m, output prices +0.2% m/m

UK August PPI input prices have come in at +2.2% m/m, -7.5% y/y, stronger than the median forecasts of +1.0%, -8.4% respectively. The m/m increase is the highest since June 2008.

Meanwhile output prices have come in at +0.2% m/m, -0.4% y/y, pretty close to median forecasts of +0.3%, -0.5% respectively.