Release: Producer Price Index, March 2012
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
- In the year to March 2012 the output price index for home sales of manufactured products rose 3.6 per cent, compared with a rise of 4.1 per cent last month. The last time the annual rate was lower was in January 2010, when the index rose 3.5 per cent.
- Between February and March the output index for home sales of manufactured products rose 0.6 per cent.
- In the year to March 2012 the output price index excluding food, beverages, tobacco & petroleum rose 2.5 per cent, compared with a rise of 3.0 per cent last month.
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The output PPI for March 2012 was affected by Budget increase in taxation of tobacco (coming into effect from 21 March 2012) and alcoholic drinks (coming into effect from 26 March 2012). Due to to the timing of these increases, if passed on in full and immediately, these changes in excise duty are estimated to have added less than 0.1 per cent to the overall output index in March 2012.
- In the year to March 2012 the total input price index rose 5.8 per cent, compared with a rise of 7.8 per cent last month. The last time the annual rate was lower was in November 2009, when the index rose 3.9 per cent.
- Between February and March the total input price index rose 1.9 per cent.
In this release
Other useful information
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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