UK producer value inflation overestimated by zero.three share factors – ONS

LONDON (Reuters) – British annual producer value inflation has been overestimated by a median of zero.three share factors each month since December as a result of errors associated to rubber and plastic merchandise, the Office for National Statistics stated on Friday.

FILE PHOTO: A purchasing trolley is pushed round a grocery store in London, Britain May 19, 2015. REUTERS/Stefan Wermuth

The ONS stated it was revising down April producer output value inflation to 2.four % from 2.7 % and making comparable adjustments to the speed of producer value inflation for December by way of March.

Full particulars of the revisions will likely be printed on June 13.

Reporting by David Milliken, enhancing by Andy Bruce

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