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mpc: 18 Annual producers' input price inflation had fallen from 5.1% to 3.8% in October, partly reflecting falls in energy prices. Total output price inflation had been steady at 1.7%, though the measure excluding food, beverages, tobacco and petroleum products had increased from 2.0% to 2.5%. Survey indicators and the Bank's regional Agents also suggested some upward pressure on output prices in November. This could point to some rebuilding of margins, at least in the manufacturing sector. In contrast, services price data continued to point to a modest easing in inflationary pressure in that sector.