UK factory gate prices are 1.2 per cent down on last year, according to official figures, which is the biggest drop in eight years.
A 0.2 per cent fall between May and June is the latest contributor to the yearly output price drop, which is mainly being attributed to the fact that oil prices are now roughly half their record level of 147 dollars a barrel a year ago. Analysts had forecast a 0.3 per cent rise between May…
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