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mpc: 19 Producer input price inflation remained well in excess of 10% while producer output price inflation had been reasonably stable in recent quarters at between 2½% to 3½%. This suggested that firms' profit margins may have been squeezed. The latest CIPS/RBS and CBI surveys had provided little indication of any significant changes in input and output price pressures although there was some anecdote of firms having increased pricing power in some sectors.

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