Factory gate price rises remain low
Annual output producer price inflation stayed low in March, while the rate of input prices continued to fall, according to the latest figures from the Office of National Statistics (ONS).
The output price index for goods produced by UK manufacturers (factory gate prices), rose 0.5% in the year to March compared with a rise of 0.6% in the year to February.
Factory gate prices rose 0.2% between February and March compared with a rise of 0.1% between January and February.
Core factory gate prices, which exclude the more volatile food, beverages, tobacco and petroleum products, rose 1.0% in the year to March compared with a rise of 1.1% in the year to February.
The overall price of materials and fuels bought by UK manufacturers for processing (total input prices) fell 6.5% in the year to March compared with a fall of 5.8% in the year to February.
Total input prices fell 0.6% between February and March compared with a fall of 0.5% between January and February.
