Output price 'factory gate' annual inflation for all manufactured products rose 2.2% in the year to December 2012, compared with a rise of 2.1% in the year to November 2012.
Month on month the output price measure for all manufactured products fell 0.1% between November and December, up from a fall of 0.3% between October and November.
The 'narrow' output price measure, which leaves out volatile sectors, rose 1.5% in the year to December 2012, up from a rise of 1.4% last month.
Input price annual inflation rose 0.3% in the year to December 2012, up from a fall of 0.1% in the year to November 2012.
Month on month, the input price measure of UK manufacturers’ materials and fuels fell 0.2% between November and December, down from a rise of 0.1% last month.
The ‘narrow’ input price measure saw no movement in the year to December 2012. In seasonally adjusted terms there was a fall of 0.3% between November and December.
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.
Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: email@example.com
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.