Output price ‘factory gate’ annual inflation for all manufactured products rose 6.1 per cent in August 2011.
Month on month the output price measure for all manufactured products rose 0.1 per cent between July and August.
The ‘narrow’ output price measure, which leaves out volatile sectors, showed an annual rise of 3.6 per cent.
Input price annual inflation rose 16.2 per cent in August, compared with a rise of 18.3 per cent in the year to July.
Month on month, the input price measure of UK manufacturers’ materials and fuels fell 1.9 per cent in August.
The ‘narrow’ input price measure rose 13.0 per cent in the year to August. In seasonally adjusted terms the index rose 0.3 per cent between July and August.
Source: Office for National Statistics
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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These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.