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Producer price inflation, UK: August 2020
The headline rate of output inflation for goods leaving the factory gate was negative 0.9% on the year to August 2020, unchanged from June 2020. The price for materials and fuels used in the manufacturing process displayed negative growth of 5.8% on the year to August 2020, down from negative growth of 5.7% in July 2020. Petroleum products was the largest downward contributor to the annual rate of output inflation. The largest downward contribution to the annual rate of input inflation was from crude oil. November 2020 will see the first publication of the producer price inflation figures on a gross basis; we ... (full story)