Output price ‘factory gate’ annual inflation for all manufactured products rose 0.9% in the year to January 2014, compared with a rise of 1.0% in the year to December 2013.
Month on month the output price measure for all manufactured products rose 0.3% between December 2013 and January 2014, compared with no movement between November and December 2013.
The ‘narrow’ output price measure, which leaves out volatile sectors, rose 1.2% in the year to January 2014, compared with a rise of 1.0% in the year to December 2013.
Input price annual inflation fell 3.1% in the year to January 2014, compared with a fall of 1.0% in the year to December 2013.
Month on month, the input price measure of UK manufacturers’ materials and fuels fell 0.9% between December 2013 and January 2014, compared with a rise of 0.2% between November and December 2013.
The ‘narrow’ input price measure fell 2.8% in the year to January 2014. In seasonally adjusted terms there was a fall of 0.6% between December 2013 and January 2014.
Source: Office for National Statistics
PPIs were published on the new 2010=100 basis from October 2013. More information concerning the impact of rebasing is analysed in the article Producer Price Index Rebasing 2010=100 which was published at the same time.
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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