Output prices were up 1.2% in year-on-year figures to April compared with 2.0% on year to March. Monthly figures were up 0.6% March to April reflecting the rise in petroleum products originally announced in the 2007 Budget and additional increases in excise duty. The excise duty on products like petrol, tobacco and alcoholic drinks may have added 0.2% to the overall output index. Excluding duty the annual index was up 0.9% and the monthly 0.4%. The output prices index excluding food and beverages rose 2.4% in year to April and the monthly index was up by 0.4%.
Input prices fell by 5.0% in the year to April and by 1.0% in the month March to April compared to 3.9% last year. It is the largest annual decrease since a fall of 5.3% in 2002. The fall reflects an 8.2% fall in the price of fuel in the month offset by a rise in crude oil prices. The prices of imported materials fell 1.0% in the month. Input prices for manufacturing excluding food and beverages rose by 3.3% in the year compared with 7.6% in year to March but fell 0.7% in the month.
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