U.K. output producer prices rise 1.2% in September
Output prices for goods produced by manufacturers in the United Kingdom rose 1.2% in September on yearly basis compared to an increase of 0.9% in August year on year, the Office for National Statistics said on Tuesday.
Core output prices, which exclude the more volatile food, beverage, tobacco and petroleum products, grew 1.4% in September compared to the same month last year.
On the other hand, input prices climbed 7.2% in the year to September compared to a growth of 7.8% in the year to August.
Core input prices saw an increase of 4.9% in September year on year compared to a yearly rise of 6.3% in August.
This is the largest increase of the price of goods bought and sold by U.K. manufacturers since September 2013.