The headline rate of output inflation for goods leaving the factory gate was negative 0.7% on the year to April 2020, down from 0.3% in March 2020. The price for materials and fuels used in the manufacturing process displayed negative growth of 9.8% on the year to April 2020, down from negative growth of 3.1% in March 2020. Petroleum products made the largest downward contribution to the change in the annual rate of output inflation. Crude oil provided the largest downward contribution to the annual rate of input inflation. Crude oil prices have seen a record fall on the month and the year, driven by factors ... (full story)