PPI Input prices rise ahead of forecasts

The Office for National Statistics reported today that month on month, the input prices measure of UK manufacturers materials and fuels rose 0.9% in November, mainly reflecting rises in the price of crude oil and fuels (inc CCL), partially offset by a fall in the price of home produced food products.

Input price annual inflation rose 9% in November compared to a rise of 8.2% in October.

The narrow input prices measure rose 7% in the year to November. In seasonally adjusted terms the index rose 0.6% between October and November.

The release was delayed from 10th December through technical issues. Story provided by StockMarketWire.com

13/12/2010