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1/19, 8:01 AM (Source: TeleTrader)
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UK producer prices up by 9.3% in December

The headline rate of output inflation for goods leaving the factory gate in the United Kingdom increased by 9.3% in the 12 months to December 2021, the Office for National Statistics (ONS) said in its report issued on Wednesday.

On a monthly scale, the rate of output inflation was 0.3% in December, down from 1% seen the month before. The headline rate of input prices gained 13.5% year-on-year, down from November's 15.2%.

Petroleum products, and metals and non-metallic mineral products contributed the most to the upward trend in the annual rates of output inflation and input inflation in December.

Baha Breaking News (BBN) / BU