Output producer price inflation rose 0.1% month-over-month in March, in line with expectations and above the previous month's flat reading. That translates into an annual inflation rate of 2.0%, below the 2.1% expected by economists and the previous month's 3.0% level.

Meanwhile, core output PPI rose 0.2% month-over-month, outpacing the 0.1% gain expected by economists and the previous month's 0.1% contraction. The annual inflation rate came in at 3.3% versus expectations for a 3.1% increase and following the previous month's 3.7% advance.

The ONS also said that the UK's input producer prices fell 0.4% in the 12 months to March, down from February's +1.0% rate but above the 0.7% decline expected.

Month-over-month, input prices increased 1.0% just marginally above the 0.9% rise expected, and the previous period's 0.9% jump.

By Erik Kevin Franco, This email address is being protected from spam bots, you need Javascript enabled to view it , edited by Stephen Huebl, This email address is being protected from spam bots, you need Javascript enabled to view it

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