The ONS released the latest inflation statistics yesterday and while CPI showed only a modest 0.1% increase in July up to 0.6% a Reuters article (HERE) concentrates on input prices to UK factories which rose to +4.3% in July after a 0.5% fall in June, the biggest rise in three years.
Import prices rose at the fastest rate since 2011.
Mike Prestwood, head of prices at the ONS said, "There was no obvious impact on today's consumer prices figures following the EU referendum results, though the Producer Prices Index suggests the fall in the exchange rate is beginning to push up import prices faced by manufacturers,"
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