Economics
U.K. March Producer Prices Increased More Than Forecast: Economy
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U.K. factory-output prices and raw-material costs rose more than economists forecast in March, suggesting inflation pressures remain in the economy.
The price of goods at factory gates increased 0.6 percent from February, the Office for National Statistics said today in London. The median forecast of 20 economists in a Bloomberg News survey was for a 0.5 percent gain. Raw material costs rose 1.9 percent, exceeding a median estimate of 1.4 percent.