Normal 0 false false false MicrosoftInternetExplorer4 June’s UK Producer Price Index report is set to show that output prices fell at an annual rate of -0.8%, the most in over seven years. The metric foreshadows downward pressure on consumer prices as lower wholesale costs are reflected in the final price tag. The Bank of England has acknowledged this, noting in its latest inflation report that “CPI inflation is likely to drop below the 2% target later this year” as lower foo

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