Producer Price Index - Output (YoY) n.s.a

Actual
16.5%
Previous
17.7%
Forecast
16%

The Producer Price Index released by the National Statistics is a monthly measurement of the price changes of goods produced by UK manufacturers. Generally speaking, a price hike generates higher retail prices for consumers. Thus, a high reading is positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).

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