The UK PPI input for January came in at 2.0% which is higher than the revised prior reading of 0.6% from 0.1% while the markets were expecting 0.8%, on the year, the index rose to 8.4% from revised previous of 7.4% from 6.9%, which is better than the predicted reading of 6.5%.

PPI Output for January fell to 0.4% from 0.5% which is higher than the projected 0.3% while on the year they climbed to 3.8% from 3.5%, beating the estimated 3.7%. Output core which exclude food and energy prices fell to 0.3% from 0.7% while in line with projections, on the year the index slipped slightly to 2.5% from forecasted and prior readings of 2.6%.