The latest producer price index (PPI) statistics published by the ONS show that the output price index for home sales of manufactured products went up by 2.2% in November compared with November 2011. It was 2.6% in October 2012. The total input price index for November was 0.3% down on the same month in 2011. It was also 0.3% in October.
The monthly comparison shows that the output price index was 0.2% down between October and November and the total input price index went up 0.1%. Both the input and output indices remained unchanged compared with the month between September and October.
The Producer Prices Index (PPI) measures the price changes of goods bought and sold by British manufacturers and provides a key measure of inflation along with the CPI and RPI. Output prices are often called 'factory gate' prices and measure the price changes for goods manufactured by UK manufacturers. The input price index measures the price changes for materials and fuels bought by British manufacturers for producing goods and the normal day to day running of the business.
