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mpc: 25 There was little news on pay pressures ­ which remained subdued ­ or on the degree of tightness in the labour market. Inflationary pressures continued to build in the supply chain, imported manufactures prices were starting to rise and headline producer prices were increasing at the fastest rate for nearly a decade. There had been a higher-than-expected outturn for CPI inflation in October and the pre-release data suggested a further pickup in November, although these data were volatile from month to month. But the appreciation of sterling on the month could help ease price pressures.