Output prices inflation in British factory sector eased more than expected in April, data from the Office for National Statistics showed Tuesday.
Output prices of goods produced by British manufacturers increased 1.1 percent year-on-year in April, slower than a 1.9 percent gain in March. Economists expected a 1.4 percent rise.
On a monthly basis, output prices fell 0.1 percent against expectations for a 0.2 percent increase.
Core factory gate prices, excluding the more volatile food, beverages, tobacco and petroleum products, rose 0.8 percent year-on-year in April, slower than a rise of 1.3 percent in the year to March.
Input prices decreased 0.1 percent annually in April compared with a rise of 0.8 percent in the year to March. This was against expectations for a 0.3 percent rise.
On a monthly basis, input costs decreased 2.3 percent compared with an expected 1.3 percent fall.
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