Producer Prices
Factory gate inflation rises 1.7 per cent
Output price ‘factory gate’ annual inflation for all manufactured products rose 1.7 per cent in October. Input price annual inflation rose 0.1 in October compared to a fall of 6.2 per cent in September.
Month on month the output prices measure for all manufactured products rose 0.2 per cent in October, mainly reflecting price rises in electrical products, transport equipment, alcohol and tobacco, and petroleum products. The index excluding excise duties rose 0.2 per cent between September and October.
The ‘narrow’ output prices measure, which leaves out volatile sectors, showed an annual increase of 2.0 per cent.
Month on month, the input prices measure of UK manufacturers’ materials and fuels rose 2.6 per cent. This mainly reflected a rise in the price of crude oil.
The ‘narrow’ input prices measure rose 0.8 per cent in the year to October. In seasonally adjusted terms the index rose 1.2 per cent between September and October.
Notes:
Producer Price Indices monitor the price changes of goods bought and sold by UK manufacturers. Input prices are prices of materials and fuels bought and output prices, also known as ‘factory gate prices’, are prices at which goods are sold.
As well as output and input price indices, results are shown for ‘narrow’ indices, which are a subset which exclude more seasonal and erratic items (food, drink, tobacco and petroleum).
The figures shown are not seasonally adjusted unless otherwise specified.
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Producer Prices