Producer prices figures (09.30 BST) may provide some further evidence to suggest that price pressures are no longer easing. Sterling oil prices rose by 5.8% in April, following a 0.5% fall in March. On the basis of past form, this suggests that input prices could rise by a monthly 1.5% in April. However, oil prices have tended to be more volatile than overall input prices over recent months. We have pencilled in a gain of 1.0%. – said Capital Economics
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