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Release: Producer Price Index, April 2012

Released: 11 May 2012 Next edition: 08 June 2012

Contact

Liam Murray

Prices, Producer Price Index

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 April 2012 the output price index for home sales of manufactured products rose 3.3 per cent, compared with a rise of 3.7 per cent last month. The last time the annual rate was lower was in December 2009, when the index rose 3.2 per cent.

  • Between March and April the output index for home sales of manufactured products rose 0.7 per cent, compared with a rise of 0.6 per cent between February and March.

  • In the year to April 2012 the output price index excluding food, beverages, tobacco & petroleum rose 2.3 per cent, compared with a rise of 2.5 per cent last month.

  • Changes announced in last month's budget are estimated to have added 0.3 per cent to the overall index in April.

  • In the year to April 2012 the total input price index rose 1.2 per cent, compared with a rise of 5.6 per cent last month. The last time the annual rate was lower was in October 2009, when the index rose 0.8 per cent.

  • This is the first time that the annual growth rate for input prices was lower than the annual growth rate in output prices since October 2009, when the input price index rose 0.8 per cent and the output price index rose 1.5 per cent.

  • Between March and April the total input price index fell 1.5 per cent, compared with a rise of 1.7 per cent between February and March.

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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