U.K. output price inflation slowed to 3.6 percent annually in March from 4.1 percent in February, the Office for National Statistics showed Friday. But it stayed slightly above the 3.5 percent consensus forecast.
The output price index for home sales of manufactured products rose 0.6 percent, the same rate of increase as seen in February. Economists were expecting an increase of 0.5 percent.
Input price inflation also eased in March, to 5.8 percent from 7.8 percent in the prior month. However, the rate was bigger than the expected 4.8 percent.
On a monthly basis, input prices gained 1.9 percent, slower than than the 2.5 percent increase logged in February.
by RTT Staff Writer
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