UK producer prices index or wholesale annual inflation for all manufactured products rose 4.8% in January. Between December and January output price rose 1.0% mainly reflecting price rises in petroleum, food and chemical products.
The following is an unedited transcript of the news release from the Office for National Statistics.
Output price ‘factory gate’ annual inflation for all manufactured products rose 4.8 per cent in January 2011.
Input price annual inflation rose 13.4 per cent in January 2011 compared to a rise of 12.9 per cent in December 2010.
Month on month the output prices measure for all manufactured products rose 1.0 per cent between December and January, mainly reflecting price rises in petroleum (including duty), food and chemical products.
The ‘narrow’ output prices measure, which leaves out volatile sectors, showed an annual rise of 3.2 per cent.
Month on month, the input prices measure of UK manufacturers’ materials and fuels rose 1.7 per cent in January, mainly reflecting rises in the price of crude oil, other imported products and imported metals.
The ‘narrow’ input prices measure rose 9.9 per cent in the year to January. In seasonally adjusted terms the index rose 1.0 per cent between December and January.
