The price of goods bought and sold by UK manufacturers, as estimated by the Producer Price Index, rose again in the year to October 2016. This is the fourth consecutive increase following 2 years of falls and the largest increase since April 2012. Between September and October, total output prices rose 0.6%, compared with an increase of 0.3% the previous month.
Factory gate prices (output prices) for goods produced by UK manufacturers rose 2.1% in the year to October 2016, compared with a rise of 1.3% in the year to September 2016.
Core factory gate prices, which exclude the more volatile food, beverage, tobacco and petroleum products, rose 1.9% in the year to October 2016, compared with a rise of 1.4% in the year to September 2016.
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