UK Jan. Output Price Inflation Accelerates

(RTTNews) - UK output prices rose by 4.8% in January from the previous year, the Office for National Statistics said on Friday. This follows a 4.1% rise in the previous month. Economists were expecting it to accelerate to 4.4%.
On a monthly basis, the increase in output prices was 1%, bigger than prior month's 0.4% rise. Consensus forecast called for a 0.5% rise.Input price annual inflation also accelerated more than expected in January to 13.4% from 12.9%. The expected rate of increase was 12.7%. From December, input prices climbed 1.7%, down from last month's 3.9% growth.