Producer Price Inflation, October 2014

18 Nov 2014 02:06 PM

Key points

• The price of goods bought and sold by UK manufacturers, as estimated by the Producer Price Index, continued to fall in October 2014. This was due to falling prices for crude oil, petroleum and food products.
• The output price index for goods produced by UK manufacturers (factory gate prices) fell 0.5% in the year to October, unchanged from last month.
• Factory gate prices fell 0.3% between September and October, compared with a fall of 0.2% between August and September.
• Core factory gate prices, which exclude the more volatile food, beverages, tobacco and petroleum products, rose 0.9% in the year to October, compared with a rise of 0.8% in the year to September.
• The overall price of materials and fuels bought by UK manufacturers for processing (total input prices) fell 8.4% in the year to October, compared with a fall of 7.4% in the year to September.
• Total input prices fell 1.5% between September and October, compared with a fall of 0.6% between August and September.

Get all the tables for this publication in the data section of this publication.