Input prices rose +3.4% m/m, +12.5% y/y, demonstrably stronger than median forecasts +1.7%, +10.4% respectively.
Output prices rose +0.5% m/m, +4.2% y/y, stronger than median forecasts +0.4%, +3.9% respectively.
Those who believe we’re going to see an early Bank of England rate hike will have had their belief bolstered by the data.
