UK September 2020 Core Input PPI MoM: Bullish for GBP

The UK Office for National Statistics released the seasonally adjusted Core Input Producer Price Index (PPI) month-on-month for September on October 21, 2020. The reported figure was 2.1%, with no forecast provided; the previous value was also 2.1%.Definition: This indicator is part of the UK Producer Price Index (PPI) series and reflects the price changes of raw materials used in manufacturing final goods, as well as costs required for daily business operations. It serves as a key measure of inflationary pressure in goods.Market impact: If the actual figure exceeds expectations, it is considered bullish for the British pound.This data has an importance rating of 1. The statistic is compiled by tracking price changes of raw materials and energy purchased by UK manufacturers for production. It is released monthly, with the next publication scheduled for the following month.

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