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Producer price inflation, UK: May 2018
The headline rate of inflation for goods leaving the factory gate (output prices) was 2.9% on the year to May 2018, up from 2.5% in April 2018. Prices for materials and fuels (input prices) rose 9.2% on the year to May 2018, up from 5.6% in April 2018. All industries provided upward contributions to output annual inflation; the largest contribution was made by petroleum products. Input annual inflation increased to its highest rate since June 2017; crude oil continued to provide the largest upward contribution. The factory gate price (output price) is the amount received by UK producers for the goods that they sell ... (full story)