Output price ‘factory gate’ annual inflation for all manufactured products rose 2.3 per cent in the year to June 2012, compared with a rise of 2.9 per cent in the year to May 2012.
Month on month the output price measure for all manufactured products fell 0.4 per cent between May and June.
The ‘narrow’ output price measure, which leaves out volatile sectors, rose 2.0 per cent in the year to June 2012.
Input price annual inflation fell 2.3 per cent in June 2012, compared with no movement in the year to May 2012.
Month on month, the input price measure of UK manufacturers’ materials and fuels fell 2.2 per cent between May and June.
The ‘narrow’ input price measure fell 0.1 per cent in the year to June 2012. In seasonally adjusted terms the index fell 0.1 per cent between May and June.
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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