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Producer price inflation, UK: July 2018
The headline rate of inflation for goods leaving the factory gate (output prices) was 3.1% on the year to July 2018, down from 3.3% in June 2018. Prices for materials and fuels (input prices) rose 10.9% on the year to July 2018, up from 10.3% in June 2018. All product groups provided upward contributions to output annual inflation; the largest contribution was made by petroleum products. Input annual inflation increased for the fifth consecutive month; crude oil provided the largest upward contribution to the annual and monthly rate. We will be carrying out a public consultation over the next few weeks to collect ... (full story)