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

Output price ‘factory gate’ annual inflation for all manufactured products rose 5.7 per cent in May. Input price annual inflation rose 11.2 per cent in May compared to a rise of 13.1 per cent in April.

Month on month the output prices measure for all manufactured products rose 0.3 per cent in May, reflecting price rises in most product groups especially petroleum and alcohol products. These rises were partially offset by a fall in the price of other manufactured products. The index excluding excise duties rose 0.3 per cent between April and May.

The ‘narrow’ output prices measure, which leaves out volatile sectors, showed an annual increase of 4.4 per cent.

Month on month, the input prices measure of UK manufacturers’ materials and fuels fell 0.6 per cent in May, mainly reflecting a fall in the price of crude oil.

The ‘narrow’ input prices measure rose 6.8 per cent in the year to May. In seasonally adjusted terms the index rose 0.1 per cent between April and May.

Available at:

http://www.statistics.gov.uk/cci/nugget.asp?id=248