UK producer price inflation: Sept 2016

UK producer price inflation: Sept 2016

Changes in the prices of goods bought and sold by UK manufacturers including price indices of materials and fuels purchased (input prices) and factory gate prices (output prices).

Main points

The price of goods bought and sold by UK manufacturers, as estimated by the Producer Price Index, rose again in the year to September 2016. This is the third consecutive increase following 2 years of falls and the largest increase since September 2013.

Factory gate prices (output prices) for goods produced by UK manufacturers rose 1.2% in the year to September 2016, compared with a rise of 0.9% in the year to August 2016.

Core factory gate prices, which exclude the more volatile food, beverage, tobacco and petroleum products, rose 1.4% in the year to September 2016, unchanged from last month.

The overall price of materials and fuels bought by UK manufacturers for processing (total input prices) rose 7.2% in the year to September 2016, compared with a rise of 7.8% in the year to August 2016.

Core input prices, which exclude purchases from the more volatile food, beverage, tobacco and petroleum industries, rose 4.9% in the year to September 2016, compared with a rise of 6.3% in the year to August 2016.

Full statistical release here:

http://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/producerpriceinflation/september2016

Source: ONS : Office for National Statistics

 

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