Output price 'factory gate' annual inflation for all manufactured products rose 2.3% in the year to February, compared with a rise of 2.1% in the year to January.
Month on month the output price measure for all manufactured products rose 0.8% between January and February, up from a rise of 0.2% between December 2012 and January 2013.
The 'narrow' output price measure, which leaves out volatile sectors, rose 1.3%, similar to the rise of 1.4% in the year to January.
Input price annual inflation rose 2.5% in the year to February, up from a rise of 1.9% in the year to January.
Month on month, the input price measure of UK manufacturers’ materials and fuels rose 3.2% between January and February, compared with a rise of 1.3% between December 2012 and January 2013.
The ‘narrow’ input price measure rose 1.5% in the year to February. In seasonally adjusted terms there was a rise of 2.1% between January and February.
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: firstname.lastname@example.org
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.