{"id":23745,"date":"2011-09-09T09:48:47","date_gmt":"2011-09-09T13:48:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/09\/09\/british-inflation-in-decline\/"},"modified":"2011-09-09T09:48:47","modified_gmt":"2011-09-09T13:48:47","slug":"british-inflation-in-decline","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/09\/09\/british-inflation-in-decline\/","title":{"rendered":"British Inflation in Decline?"},"content":{"rendered":"

Source: ForexYard<\/a><\/strong><\/p>\n

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The producer price index (PPI) input and output data was released by the UK\u2019s Office of National Statistics this morning and revealed a potential decline in the inflationary growth of raw materials. The price paid by manufacturers for the purchase of raw materials dropped 1.9% this month, lower than the forecast decline of 1.6%.<\/p>\n

<\/span>The input data translated to a slower increase in the price of goods sold by manufacturers as well. The percent change in output prices rose by only 0.1% this month instead of the expected 0.2% growth. The data signals a potential contraction in manufacturing growth which could translate into fewer jobs and a sluggish economy<\/a> in Britain.<\/p>\n

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