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Summary of Producer Price Index, February 2012

Released: 09 March 2012 Download PDF

Output prices

Output prices 12 months percentage change: materials & fuels purchased and excluding food, beverages, tobacco & petroleum industries - February 2012
Source: Index Numbers of Producer Prices (PPI): Provision of Price Information - Office for National Statistics

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Output price ‘factory gate’ annual inflation for all manufactured products rose 4.1 per cent in the year to February 2012, compared with a rise of 4.0 per cent in the year to January 2012.

Month on month the output price measure for all manufactured products rose 0.6 per cent between January and February.

The ‘narrow’ output price measure, which leaves out volatile sectors, showed an annual rise of 3.0 per cent.

 

Input prices (materials & fuel) manufacturing industry

Input prices (materials & fuel) purchased and excluding food, beverages, tobacco & petroleum industries: 12 months percentage change - February 2012
Source: Index Numbers of Producer Prices (PPI): Provision of Price Information - Office for National Statistics

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Input price annual inflation rose 7.3 per cent in February 2012, compared with a rise of 6.6 per cent in the year to January 2012.

Month on month, the input price measure of UK manufacturers’ materials and fuels rose 2.1 per cent between January and February.

The ‘narrow’ input price measure rose 5.4 per cent in the year to February 2012. In seasonally adjusted terms the index rose 0.8 per cent between January and February.

Source: Office for National Statistics

Background notes

  1. 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.

  2. 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).

  3. The figures shown are not seasonally adjusted unless otherwise specified.

  4. 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: media.relations@ons.gsi.gov.uk

    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:

    • meet identified user needs;
    • are well explained and readily accessible;
    • are produced according to sound methods; and
    • are managed impartially and objectively in the public interest.

    Once statistics have been designated as National Statistics it is a statutory requirement that the Code of Practice shall continue to be observed.

Further information

Producer Price Index, February 2012 - A comprehensive selection of data on input and output index series. Contains producer price indices of materials and fuels purchased and output of manufacturing industry by broad sector.
Producer Price Index, January 2012 - A comprehensive selection of data on input and output index series. Contains producer price indices of materials and fuels purchased and output of manufacturing industry by broad sector.
Prices - User Guidance, Methodology and Developments - Guidance, methodology and development information about ONS's prices statistics; Consumer Price Index, Retail Price Index, Producer Price Index and the Service Producer Price Index.
Producer Price Index: Pre Release Access, February 2012 (Pdf 122Kb) - The phrase 'Pre-release Access' refers to the practice whereby official statistics in their near final form, and any accompanying written commentary, are made available to an eligible person in advance of their publication. The rules and principles which govern pre-release access are featured within the Pre-release Access to Official Statistics Order 2008
Response to Price Index Numbers MM17 user consultation document (Pdf 29Kb) - This is the response to the MM17 Price Index Numbers for Current Cost Accounting user consultation which ran from 24 October 2011 to 29 December 2011


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