The U.K. producer price index slipped to 8.5% from a revised reding of 9.1% in August, which crossed the wires much lower than that 8.8% estimate projected by economists. Meanwhile, core price ticked lower to 5.4% from 5.6% amid expectations for a gain to 6.0%. The data suggests that the BoE will opt to lower the benchmark interest rate further over the coming months as Europe’s second largest economy is on the brink of a recession.