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Producer price inflation, UK: August 2022
Producer input prices rose by 20.5% in the year to August 2022, down from 22.6% in the year to July 2022. Producer output (factory gate) prices rose by 16.1% in the year to August 2022, down from 17.1% in the year to July 2022. Crude oil and petroleum products provided the largest downward contributions to the change in the annual rates of input and output inflation, respectively. On a monthly basis, input prices decreased by 1.2% and output prices decreased by 0.1% in August 2022; this is the first time the monthly rates have been negative since August 2020 and September 2020, respectively.The headline input and ... (full story)