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mpc: 29 There were some other signs that oil prices had been responsible for at least part of the rise in CPI inflation. The rate of increase of prices of domestically produced output, excluding petroleum products, had been stable. However, the prices of imported goods ­ partly reflecting oil and commodity price increases ­ had accelerated. The rate of inflation for consumer services ­ likely overall to be less oil-intensive than goods ­ had been increasing steadily.

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