By Maximilian Clarke

Factory gate’ prices for UK manufactured goods stand 5.4% higher in November 2011 than for the same month 2010, with a 0.2% rise between October and November.

Input price rises have shown signs of abating, though remains at an annual rate of 13.4%- down from 14.3% last month.

The lion’s share of annual input price increases can be attributed almost solely to oil, though the latest month’s figure is due to other fuels.

For exported goods, output prices of tobacco & alcohol product prices rose 0.4 per cent between October and November and rose 6.2 per cent in the year to November. The monthly rise mainly due to a 1.3 per cent increase in the price of tobacco products (including duty).

Chemical & pharmaceutical product prices rose 0.1 per cent between October and November and rose 5.0 per cent in the year to November. This is the lowest annual rate since September 2010, when the index rose 4.9 per cent. The monthly increase was mainly due to a 2.0 per cent rise in the price of paints, varnishes & similar coatings, printing inks & mastics and a 0.5 per cent rise in the price of other chemical products.

Transport equipment prices fell 0.1 per cent between October and November and rose 1.2 per cent in the year to November. The monthly fall was mainly due to a 0.5 per cent fall in the price of other parts & equipment for motor vehicles and a 0.5 per cent fall in the price of electrical & electronic equipment for motor vehicles.

Paper & printing product prices fell 0.3 per cent between October and November and rose 3.8 per cent in the year to November. This is the lowest annual rate since October 2010, when the index rose 3.5 per cent. The monthly decrease was mainly due to a 0.9 per cent fall in the price of corrugated paper & paperboard & containers of paper & paperboard and a 1.2 per cent fall in the price of other printing services.

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