| Factory gate inflation rises to 6.2% |
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| Monday, 14 April 2008 | |
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In March, output price annual inflation for all manufactured products rose to 6.2 per cent.
Input price annual inflation rose from 19.7 per cent in February to 20.6 per cent in March. Month on month, the output prices measure for all manufactured products rose 0.9 per cent in March, mainly reflecting rises in petroleum product prices. If passed on in full, the changes in excise duty on tobacco and alcohol announced in the Budget would have increased the index by 0.3 per cent in March. The 'narrow' output prices measure, which leaves out volatile sectors, showed an annual increase of 3.1 per cent. The seasonally adjusted measure rose 0.3 per cent between February and March. Month on month, the input prices measure of UK manufacturers’ materials and fuels rose 2.9 per cent. This mainly reflected a rise in the price of crude oil. In seasonally adjusted terms the index rose 1.8 per cent between February and March. The 'narrow' input prices measure rose 9.7 per cent in the year to March. In seasonally adjusted terms the index rose 1.5 per cent between February and March. Producer Price Indices monitor the price changes of goods bought and sold by UK manufacturers. Input prices are prices of materials and fuels bought and output prices, also known as 'factory gate prices', are prices at which goods are sold. As well as output and input price indices, results are shown for 'narrow' indices, which are a subset which exclude more seasonal and erratic items (food, drink, tobacco and petroleum). Related articles
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