Summary of Producer Price Index - November 2011

Output prices

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 5.4 per cent in the year to November 2011.

Month on month the output price measure for all manufactured products rose 0.2 per cent between October and November.

The ‘narrow’ output price measure, which leaves out volatile sectors, showed an annual rise of 3.2 per cent.

Input prices (materials & fuel) manufacturing industry

Source: Index Numbers of Producer Prices (PPI): Provision of Price Information - Office for National Statistics

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Input price annual inflation rose 13.4 per cent in November, compared with a rise of 14.3 per cent in the year to October.

Month on month, the input price measure of UK manufacturers’ materials and fuels rose 0.1 per cent in November.

The ‘narrow’ input price measure rose 10.0 per cent in the year to November. In seasonally adjusted terms the index rose 0.3 per cent between October and November.

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.

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