A production error was discovered in Producer Price Index, August 2013, originally published on 17th September. This error affected the seasonally adjusted input index for all manufacturing excluding food, beverages, tobacco and petroleum industries (series 6207998950 [K658]). Index values and percentage change figures for August and September 2012 and August 2013 were affected.
This error has now been corrected.
ONS apologises for any inconvenience caused.
Output price 'factory gate' annual inflation for all manufactured products rose 1.6% in the year to August, compared with a rise of 2.1% in the year to July.
Month on month the output price measure for all manufactured products rose 0.1% between July and August, compared with a rise of 0.2% between June and July.
The 'narrow' output price measure, which leaves out volatile sectors, rose 1.0% in the year to August, down from a rise of 1.1% in the year to July.
Input price annual inflation rose 2.8% in the year to August, down from a rise of 5.1% in the year to July.
Month on month, the input price measure of UK manufacturers’ materials and fuels fell 0.2% between July and August, compared with a rise of 1.2% between June and July.
The ‘narrow’ input price measure rose 3.1% in the year to August. In seasonally adjusted terms there was a rise of 0.4% 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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The United Kingdom Statistics Authority has designated these statistics as National Statistics, in accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the Code of Practice for Official Statistics.
Designation can be broadly interpreted to mean that the statistics:
Once statistics have been designated as National Statistics it is a statutory requirement that the Code of Practice shall continue to be observed.