UK PRODUCER PRICE INFLATION RISES TO TWO-YEAR HIGH IN JUNE

British producer output price inflation rose to a two-year high of 1.9% in June, up from 1.3% in May, according to preliminary official data, which adds to signs of inflationary pressures facing the British economy.

Britain's Office for National Statistics suspended the publication of PPI data in March after discovering calculation errors dating back to 2020. Wednesday's figures represent interim data before regular publication resumes in October.

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