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Output Inflation Rises To 5.3%

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Glad to see Merv is sticking to his target of 2% <_<

Output price ‘factory gate’ annual inflation for all manufactured products rose 5.3 per cent in May 2011.

Input price annual inflation rose 15.7 per cent in May, compared with a rise of 17.9 per cent in the year to April.

Month on month the output price measure for all manufactured products rose 0.2 per cent between April and May. This was largely driven by price rises in food and other manufactured products which were partially offset by a decline in petroleum product prices.

The ‘narrow’ output price measure, which leaves out volatile sectors, showed an annual rise of 3.4 per cent.

Month on month, the input price measure of UK manufacturers’ materials and fuels fell by 2.0 per cent in May, mainly reflecting a fall in the price of crude oil.

The ‘narrow’ input price measure rose 10.9 per cent in the year to May. In seasonally adjusted terms the index fell 0.5 per cent between April and May.

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Input/output inflation is fine, clearly it won't destroy investment or jobs.

It's that nasty prole wage inflation we have to watch, that's what Mr Vigilant is looking for.

Aye. Bankers and CEOs getting huge rises is not a problem.

Just need to keep an eye on the oiks. What a cünt.

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