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(The Guardian) - A jump in oil prices to record highs last month pushed British firms' input price costs up at their fastest pace in over two years, official data showed today. The Office for National Statistics reported that input costs surged by 3.2% last month from August, more than double the pace analysts had predicted. That took the annual pace of price inflation up to 6.4% from 5.7% the previous month. The monthly rise for August, though, was revised sharply lower by the ONS to show a fall of 1.4% in August from July. Link |
