Manufacturers’ prices continue to rise
Manufacturers’ prices continued to ease up last month according to official ‘factory gate’ figures published today (12 August).
The output price index for home sales of manufactured products rose 10.2 per cent in the year to July, compared with the rise of 10.0 per cent in the year to
June.
The input price index for materials and fuels purchased by manufacturing industry rose 30.1 per cent in the year to July and rose 0.2 per cent between June and July.
The rise in the input index between June and July mainly reflected a rise in the price of crude oil.
Prices of imported materials as a whole (including imported crude oil) rose 0.3 per cent between June and July.
