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Factory gate prices rise at record pace

UK factory gate prices rose in April at the fastest monthly and annual rates since comparable records began in 1986 - official figures revealed yesterday - casting doubt on whether the Bank of England will feel able to cut interest rates in June.

UK factory gate prices rose in April at the fastest monthly and annual rates since comparable records began in 1986 - official figures revealed yesterday - casting doubt on whether the Bank of England will feel able to cut interest rates in June.