UK producer prices to suggest that price pressures are no longer easing

Producer prices figures (09.30 BST) may provide some further evidence to suggest that price pressures are no longer easing. Sterling oil prices rose by 5.8% in April, following a 0.5% fall in March. 

On the basis of past form, this suggests that input prices could rise by a monthly 1.5% in April. However, oil prices have tended to be more volatile than overall input prices over recent months.

We have pencilled in a gain of 1.0%. - said Capital Economics