Friday, 8 July 2011

Factory Gate Prices Up 5.7%

The producer prices index from the ONS tells us that factory gate prices for home sales of manufactured goods increased 5.7% in the year June compared with 5.4% in May. The price excluding the more volatile sectors such as food, beverages, tobacco and petroleum increased by 3.2%. The output price excluding excise duty increased by 5.8%.

Over ther month between May and June the output price index rose by 0.1%. The increase mainly reflects increases in the prices of food and other manufatures.

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