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Friday, November 06, 2009
U.K. Oct. Annual Output PPI Up 1.7%
By William L. Watts
MarketWatch Pulse
LONDON -- The price of goods leaving British factories rose 1.7% in October compared to the same month last year, accelerating from a 0.4% rise in September, the Office for National Statistics reported Friday. On a monthly basis, prices were up 0.2%. Economists had forecast a 0.4% monthly rise and a 1.8% annual increase. Stripping out food, beverages, tobacco and petroleum, prices rose 0.3% between September and October for a 2% increase compared to October 2008.
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