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Producer Prices Fall

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Producer prices

LONDON (MarketWatch) -- The British pound was off highs of the day following data that core producer output prices fell in October from September. Input prices rose 0.3% in Septemer, but output prices were down 0.1% month-on-month and core output prices, which strip out items including food and tobacco, fell 0.3%. The pound was recently at $1.7474 vs. the dollar, while the FTSE 100 climbed into positive territory on the news.

What does that mean for any possible IR movement?

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Producer prices

What does that mean for any possible IR movement?

Npower's price rises will average 14.5% for gas and 13.6% for electricity, the company said.

Scottish & Southern, effective January 2006. Gas up 13.6%, electricity up between 8.9 and 12%

Scottish Power, effective October 2005. Gas up 12%, electricity up 6-8%

British Gas, effective September 2005. Gas & electricity up 14.2%

Powergen, effective August 2005. Gas up 11.9%, electricity up 7.2%

EDF Energy, effective August 2005. Gas up 12%, electricity up 10.7%

What does that mean for any possible IR movement?

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If Reuters are talking about to producer prices for the UK manufacturing industry then they will be referring to the small weaving mill in the outer Hebrides which makes tartan caps for elderly golfers, & there might not be much effect.

However if we are talking falling producer prices for factories in China, then we may be able to expect a cut in interest rates as DVD players get even cheaper thus driving down inflation

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"Producer Prices Fall"

Their costs didn't, the pincer movement on profit continues (for now).

http://www.themanufacturer.com/uk/detail.h...ontents_id=6098

Meanwhile, input price annual inflation – based on what manufacturers have to pay for raw materials and energy - fell from 10.2 per cent in September to 7.7 per cent in October but rose 0.1 per cent between September and October. The rise mainly reflected price rises in fuels, including the climate change levy, and slight rises in most product groups offset by a fall in crude oil.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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