Probability of June rate cut falls on UK data
The Office for National Statistics, a government bureau, reported a surge in headline PPI from 6.5% in March to 7.5% last month - a record high since the measure came into being in 1986. The core measure rose from 3.4% to 4.6%. Headline input-price inflation soared to 23.3% from 20.1%. The core estimate was
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