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Release: Producer Price Index, October 2013

Released: 12 November 2013 Next edition: 17 December 2013

Contact

Kat Pegler

Business Prices

ppi@ons.gsi.gov.uk

Telephone: +44 (0) 1633 456468

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

Frequency of release: Ad-hoc

Language: English

Geographical coverage: UK

Geographical breakdown: UK and GB

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

Correction

A production error was discovered in Producer Price Index, October 2013, originally published on 12th November 2013.

This error affected the input index for fuels (series 6207000060 [K647]). Index values and percentage change figures published in the statistical bulletin and associated reference tables were affected as well as figures showing the contribution of this index on the top level input index. All other indices in the release were unaffected.


This error was corrected on Wednesday 4th December at 3:30pm.

ONS apologises for any inconvenience caused.

 

Key points

The key points from this release are:
  • In the year to October the output price index for goods produced by UK manufacturers (factory gate prices) rose 0.8%, compared with a rise of 1.2% in the year to September.
  • Between September and October factory gate prices fell 0.3%, compared with no change between August and September.
  • In the year to October core factory gate prices, excluding the more volatile food, beverages, tobacco and petroleum products, rose 0.9%, compared with a rise of 0.8% in the year to September.
  • In the year to October the overall price of materials and fuels bought by UK manufacturers for processing, known as total input prices, fell 0.3%, compared with a rise of 0.9% in the year to September.
  • Between September and October total input prices fell 0.6%, compared with a fall of 1.0% between August and September.

The Producer Price Index has been rebased from 2005=100 to 2010=100. This is the first month that the PPI has been released on this basis. The Summary and Statistical Bulletin available here, reflect this change.

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.

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.