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UK goods prices continue to fall in October

FXStreet (London) - Data released by the UK Office for National Statistics showed that the price of goods bought and sold by UK manufacturers, as estimated by the Producer Price Index, continued to fall in October 2014. This was due to falling prices for crude oil, petroleum and food products.

According to the ONS, the output price index for goods produced by UK manufacturers (factory gate prices) fell 0.5 percent in the year to October, unchanged from last month.

Factory gate prices fell 0.3 percent between September and October, compared with a fall of 0.2 percent between August and September.

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