–Nov producer output prices +0.3% m/m; +3.9% y/y
–Nov core producer output prices +0.2% m/m; +3.3% y/y
–Nov input price data delayed until Monday due to quality issues
LONDON (MNI) – Output prices rose in November, boosted by higher
prices for petrol, food and electrical goods, according to figures
released by National Statistics Friday.
Output prices rose 0.3% on the month in November and increased by
3.9% in the year, down from 4% in October. The outturn was slightly
below the median forecast for a rise of 0.4% on the month and an
increase of 4.1% on the year.
Output price inflation has remained broadly stable in recent months
as helped by less pressure on petrol prices this year compared to last
despite upward pressure from other areas such as food.
Output prices were boosted by a 1% increase in petroleum product
prices between October and November, mainly due to a 1.5% increase in
the price of unleaded petrol.
There was also a 0.5% increase in food product prices on the month,
led by gains in processed and preserved fruit and vegetables and the
price of grain mill products, most notably flour.
Computer, electrical and optical product prices rose 0.4% between
October and November.
Core output prices which exclude food, tobacco, alcohol and petrol
were up 0.2% on the month and 3.3% on the year, up slightly from 3.2% on
the year in October.
National Statistics said that input price figures which were due
for release today have been delayed until Monday, December 13. In a
statement National Statistics said “Quality assurance by ONS revealed
potential errors in some input prices in the Producer Prices dataset. To
allow time to ensure the statistics fully meet National Statistics
standards, ONS has decided reluctantly to postpone publication of input
prices until 9.30 on Monday.”
The ONS said that the issues identified for this release have no
impact on data already published by ONS and affects no other releases.
–London newsroom 4420 7862 7491 email: drobinson@marketnews.com
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