Output price ‘factory gate’ annual inflation for all manufactured products rose 0.4 per cent in September, according to figures released by the Office fir National Statistics (ONS).
Input price annual inflation fell 6.5 in September compared to a fall of 7.7 per cent in August.
Month on month the output prices measure for all manufactured products rose 0.5 per cent in September, mainly reflecting rises in prices of petroleum and other manufactured products. The index excluding excise duties rose 0.4 per cent between August and September.
The ‘narrow’ output prices measure, which leaves out volatile sectors, showed an annual increase of 1.4 per cent.
Month on month, the input prices measure of UK manufacturers’ materials and fuels fell 0.5 per cent. This mainly reflected a fall in the price of crude oil.
The ‘narrow’ input prices measure fell 1.7 per cent in the year to September. In seasonally adjusted terms the index rose 0.6 per cent between August and September.