The producer price index, which measures the changes in input and output prices of goods bought and sold by manufacturers in the UK, reported an annual increase in December of 4.8%, the lowest annual rate for factory gate prices for home sales of manufactured products since December 2010. The monthly index fell by 0.2%, the first monthly fall since July 2010.
Over the year the biggest percentage increases were in petroleum products (10.5%), food products (7.1%) and tobacco and alcohol (6.6%).
The total input price index rose by 8.7% in the year to December, the lowest annual rate since October 2010. It was 13.6% the previous month. The monthly index fell by 0.6%.
The biggest percentage changes in the month to December were falls in the prices for petroleum products and chemicals and pharmaceuticals (both -0.9%) and increases in the prices of food, paper and printing and computer, electrical and optical (all 0.1%).
The producer price index provides a key measure of inflation along with other indicators like the CPI and the RPI.
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