Output price ‘factory gate’ annual inflation for all manufactured products rose 4.8 per cent in the year to December 2011, compared with a rise of 5.4 per cent in the year to November.
Month on month the output price measure for all manufactured products fell 0.2 per cent between November and December.
The ‘narrow’ output price measure, which leaves out volatile sectors, showed an annual rise of 3.0 per cent.
Input price annual inflation rose 8.7 per cent in December, compared with a rise of 13.6 per cent in the year to November.
Month on month, the input price measure of UK manufacturers’ materials and fuels fell 0.6 per cent in December.
The ‘narrow’ input price measure rose 6.9 per cent in the year to December. In seasonally adjusted terms the index fell 0.7 per cent between November and December.
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.
Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: firstname.lastname@example.org
These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.