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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