mpc: 22 Import price inflation had continued to push higher, particularly for goods. However,
manufacturing input price inflation had eased to an annual rate of 7.5% in October; manufacturing
output price inflation excluding duties (PPIY) had fallen to an annual rate of 2.7%. That picture of
easing pipeline pricing pressures in the manufacturing sector was broadly consistent with business
surveys. Surveys also suggested a gentle moderation in input price inflation in the services sector.
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