Output price ‘factory gate’ annual inflation for all manufactured products rose 1.7 per cent in the year to July 2012, compared with a rise of 2.0 per cent in the year to June 2012.
Month on month the output price measure for all manufactured products was unchanged between June and July.
The ‘narrow’ output price measure, which leaves out volatile sectors, rose 1.3 per cent in the year to July 2012.
Input price annual inflation fell 2.4 per cent in July 2012, compared with a fall of 3.0 per cent in the year to June 2012.
Month on month, the input price measure of UK manufacturers’ materials and fuels rose 1.3 per cent between June and July.
The ‘narrow’ input price measure fell 1.5 per cent in the year to July 2012. In seasonally adjusted terms the index fell 0.3 per cent between June and July.
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.
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