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"Within the release perhaps the other main headline is a very sharp rise in input costs, with the headline index here rising to 61.4, the highest since August 2011. Most obviously this rise is related to the jump in oil prices, but companies are also reporting fairly broadly-based rises in input costs. For now this is not really being reflected in output costs, with the index here remaining modest. But this rise in input costs is perhaps one of the first warning signs that the UK accelerating output growth is seeing a warming in inflationary pressure.
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