The October Producer Prices Index was released today by the ONS. It tells us that the overall output prices index rose 1.7% in the year to October and 0.2% in the month between September and October. At the same time the input prices index rose by 0.1% in the year and 0.8% in the month.
The input index for manufacturing rose 2.6% over the month to October compared with 3.9% last month and 0.1% over the year. The output price index for manufactured goods rose 1.7% in the year and 0.2% during the month. Food output prices decreased 0.3% over the month and rose 0.6% over the year.
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