Figure 2: Growth of Imported inputs, EPI and the Sterling Effective Exchange rate (ERI), 3 months-on-same 3 months a year ago rolling average
Source: Office for National Statistics, Bank of England
Series are not seasonally adjusted.
The sterling effective change rate measures changes in the strength of sterling relative to a basket of other currencies.
The sterling effective exchange rate is only indicative of the rates applied to producer prices. This is because the sterling effective exchange rate is a trade weighted index that represents all UK trade, whereas producer prices reflect transactions in the manufacturing sector.