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Release: Producer Price Index, July 2012

Released: 10 August 2012 Next edition: 07 September 2012

Contact

Liam Murray

Business Price Statistics

ppi@ons.gsi.gov.uk

Telephone: +44 (0)1633 455811

Categories: Economy, Prices, Output and Productivity, Price Indices and Inflation, Producer Price Indices

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: UK and GB

Survey name(s): Index Numbers of Producer Prices (PPI): Provision of Price Information

  • In the year to July 2012 the output price index for home sales of manufactured products rose 1.7 per cent. Output inflation has decelerated steadily since September 2011, when prices rose 6.3 per cent on the year.  The last time the annual rate was lower was in October 2009, when the index rose 1.5 per cent.

  • Between June and July the output index for home sales of manufactured products showed no movement, compared with a fall of 0.6 per cent between May and June.

  • In the year to July 2012 the output price index excluding food, beverages, tobacco & petroleum rose 1.3 per cent, compared with a rise of 1.7 per cent last month. This is the lowest annual rate since September 2009, when the index also rose 1.3 per cent. The last time the annual rate was lower was in January 2007, when the index rose 1.2 per cent.

  • In the year to July 2012 the total input price index fell 2.4 per cent, compared with a fall of 3.0 per cent last month.

  • Between June and July the total input price index rose 1.3 per cent, compared with a fall of 2.9 per cent between May and June.

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.

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.

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