"Figure 2: 12-month growth rate in Producer Price Index input prices, by current month and base effects, and inverted 12-month sterling effective exchange rate growth rate","" "UK, January 2015 to October 2017","" "","" "Notes","" "Unit","%" "","" "Date","Inverted sterling ERI","Growth holding current month constant","Current month growth","PPI Input 12m % Change" "Jan-15","-2.1","-10.9","-3.2","-14.1" "Feb-15","-3.8","-13.6","0.2","-13.5" "Mar-15","-4.3","-13.2","0.1","-13.1" "Apr-15","-3.5","-12.3","1.2","-11.1" "May-15","-4","-11.3","-0.6","-11.9" "Jun-15","-4","-11","-2","-13" "Jul-15","-4.1","-11.5","-1.3","-12.8" "Aug-15","-5.1","-11.9","-2.7","-14.6" "Sep-15","-3.9","-13.9","0.5","-13.4" "Oct-15","-3.8","-12.3","0","-12.3" "Nov-15","-5.7","-11.7","-1.4","-13.1" "Dec-15","-3.6","-10.1","-0.3","-10.4" "Jan-16","-0.7","-7","-1.2","-8.3" "Feb-16","3.1","-8.4","0.4","-8" "Mar-16","4.3","-8.1","1.5","-6.6" "Apr-16","4.8","-7.8","0.7","-7.1" "May-16","4.3","-6.5","2.1","-4.3" "Jun-16","6.7","-2.2","1.7","-0.5" "Jul-16","13.1","0.9","3.3","4.2" "Aug-16","14.2","7.5","0.3","7.8" "Sep-16","12.2","7.2","0.4","7.6" "Oct-16","15.6","7.6","4.7","12.4" "Nov-16","15.7","14.2","-0.7","13.5" "Dec-16","12.2","13.9","2.7","16.7" "Jan-17","10.3","18.2","1.7","19.9" "Feb-17","8","19.3","0","19.3" "Mar-17","8","17.4","-0.5","16.8" "Apr-17","5.8","16","-0.6","15.3" "May-17","7","12.8","-0.6","12.1" "Jun-17","6.8","10.3","-0.4","9.9" "Jul-17","2","6.4","0","6.4" "Aug-17","2.3","6.1","2.2","8.3" "Sep-17","1.2","7.9","0.2","8.1" "Oct-17","-2.1","3.5","1.1","4.6"