UK Producer Price Inflation rose by 12.1% in the year to February, down from 13.5% in year to January; input prices increased by 12.7%, down from 14.7% in year to January: ONS

LONDON , March 22, 2023 (press release) –

Changes in the prices of goods bought and sold by UK manufacturers including price indices of materials and fuels purchased (input prices) and factory gate prices (output prices).

Main points

• Producer input prices rose by 12.7% in the 12 months to February 2023, down from 14.7% in the year to January 2023.
• Producer output (factory gate) prices rose by 12.1% in the 12 months to February 2023, down from 13.5% in the year to January 2023.
• Inputs of crude oil and petroleum products provided the largest downward contributions to the change in the annual rates of input and output inflation, respectively.
• On a monthly basis, producer input prices decreased by 0.1% and output prices decreased by 0.3% in February 2023.
• This month's Producer Price Index (PPI) estimates are being published with updated weights in line with the annual chain-linking methodology (see Section 5: Weights).

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