Dow Jones - Not only did factory gate price inflation surge to a new 16 and a half year high, but pipeline price pressure continue to build at an alarming rate. The data can't be dismissed as merely an energy and food issue - price increases are broad-based, partly a reflection of sterling's depreciation... January's outturn doesn't herald an abrupt end to U.K. monetary policy easing. It does however cast serious doubt on current market expectations for extensive rate cuts.