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Summary of Producer Price Index, January 2012

Released: 10 February 2012 Download PDF

Output prices

Output prices 12 months percentage change: materials & fuels purchased and excluding food, beverages, tobacco & petroleum industries - January 2012
Source: Index Numbers of Producer Prices (PPI): Provision of Price Information - Office for National Statistics

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Output price ‘factory gate’ annual inflation for all manufactured products rose 4.1 per cent in the year to January 2012, compared with a rise of 4.8 per cent in the year to December 2011.

Month on month the output price measure for all manufactured products rose 0.5 per cent between December and January.

The ‘narrow’ output price measure, which leaves out volatile sectors, showed an annual rise of 2.4 per cent.

 

Input prices (materials & fuel) manufacturing industry

Input prices (materials & fuel) purchased and excluding food, beverages, tobacco & petroleum industries: 12 months percentage change - January 2012
Source: Index Numbers of Producer Prices (PPI): Provision of Price Information - Office for National Statistics

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Input price annual inflation rose 7.0 per cent in January 2012, compared with a rise of 8.9 per cent in the year to December 2011.

Month on month, the input price measure of UK manufacturers’ materials and fuels rose 0.5 per cent between December and January.

The ‘narrow’ input price measure rose 5.4 per cent in the year to January 2012. In seasonally adjusted terms the index fell 0.2 per cent between December and January.

Source: Office for National Statistics

Background notes

  1. 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.

  2. 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).
  3. The figures shown are not seasonally adjusted unless otherwise specified.

  4. 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: media.relations@ons.gsi.gov.uk

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

Further information

Producer Price Index, January 2012 - Input and output index producer price series of materials and fuels purchased and output of manufacturing industry by broad sector.
Producer Price Index: Pre Release Access, January 2012 (Pdf 91Kb) - The phrase 'Pre-release Access' refers to the practice whereby official statistics in their near final form, and any accompanying written commentary, are made available to an eligible person in advance of their publication. The rules and principles which govern pre-release access are featured within the Pre-release Access to Official Statistics Order 2008
Prices - user guidance, methodology and developments - Guidance, methodology and development information about ONS's prices statistics; Consumer Price Index, Retail Price Index, Producer Price Index and the Service Producer Price Index.
Response to Price Index Numbers MM17 user consultation document (Pdf 29Kb) - This is the response to the MM17 Price Index Numbers for Current Cost Accounting user consultation which ran from 24 October 2011 to 29 December 2011


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