"[Decline in producer prices] bolster the arguments of those members on the MPC who are seeking to restart quantitative easing"
- Samuel Tombs, an economist at Capital Economics Ltd.
U.K. producer prices retreated in May on lower petroleum costs. Factory-output prices declined 0.2 per cent from April, the Office for National Statistics said on Friday.
The producer-price report "adds to survey evidence suggesting that the recent weakness of demand has forced manufacturers to cut their prices," said Samuel Tombs, an economist at Capital Economics Ltd. in London.
"Today's figures bolster the arguments of those members on the MPC who are seeking to restart quantitative easing."
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