U.K. output producer prices rise 1.2% in September

Economy 10/18/2016, 10:35 AM
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.

TeleTrader Newsroom / DN