This morning saw the release of Producer Price Index (PPI) and Consumer Price Index (CPI)data. PPI provides the changes in price in UK manufacturing. CPI is a comparison between the retail prices of a representative shopping basket of goods and services and is a key measure of inflation. Both figures were negative and the pound has fallen in value as a result.
This was a change from last months UK data which came in surprisingly above expectations. Today’s data has thrown further uncertainty on the state of the UK economy. Have we seen the true extent of the damage caused by the vote to leave the EU?
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