The following is an unedited transcript of the news release from the UK National Statistics.


The output price index for home sales of manufactured products rose 3.8 per cent in the year to October, compared with a rise of 2.8 per cent in the year to September. Unadjusted, the index rose 0.6 per cent between September and October, mainly reflecting rises in petrol and food product prices.

If passed on in full, the increase in excise duty on petroleum products in October would have increased the index by 0.2 per cent in October.

The output price index excluding excise duties (PPIY) rose 3.6 per cent in the year to October. Seasonally adjusted, the index rose 0.4 per cent between September and October. The output price index excluding food, beverages, tobacco and petroleum rose 2.3 per cent in the year to October. In seasonally adjusted terms, the index rose 0.3 per cent between September and October.

Input prices: summary

The input price index for materials and fuels purchased by manufacturing industry rose 8.6 per cent in the year to October and rose 2.5 per cent between September and October. The rise in the input index between September and October mainly reflected rises in the prices of crude oil and fuel. Prices of imported materials as a whole (including imported crude oil) rose 1.2 per cent between September and October. Seasonally adjusted, the input price index rose 1.8 per cent between September and October.

The input price index for manufacturing industry excluding the food, beverages, tobacco and petroleum industries rose 3.0 per cent in the year to October. Seasonally adjusted, the index rose 0.6 per cent between September and October.


Available at:

http://www.statistics.gov.uk/pdfdir/ppi1107.pdf