Factory Gate Prices Up 1.6%

Factory gate prices increased by 1.6% in the year to August according to a bulletin from the ONS on the Producer Prices Index. This compares to a 2.1% rise in July. In the month between July and August factory gate prices increased 0.1% compared with 0.2% in the previous month. Core prices (PPI excluding volatile indices) rose 1% down from 1.1% last month.

Input prices increased by 2.8% in the year to August compared with 5.1% in the Year to July. The core input price index rose by 3.1% compared with 3.9% to July. Imported materials rose 2.1 down from 4.5%. Between July and August total input prices fell 0.2% compared with an increase of 1.2% between June and July. The core price index fell 2.6% from 0.% between June and July.