By Maximilian Clarke
Producer prices inflation crept up again over September, with output prices showing particularly marked increases.
The producer prices index of inflation, published monthly by the Office for National Statistics, chart price changes for goods bought- input- and goods sold- output- in UK factories.
Input prices have risen by 17.5% over the course of the year- compared to a rate of 16.2% for 2010. Materials and fuels accounted for much of the monthly gain. By excluding more volatile items from the index, a ‘narrow’ price index shows a more modest monthly rise of 0.8%.
Output prices, or ‘factory gate inflation’, edged up to an annual rate of 6.3%, with a 3.8% narrow measure; rising just 0.3% from August- September.
Join us on