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Producer price inflation, UK: May 2023
Producer input prices rose by 0.5% in the year to May 2023, down from a rise of 4.2% in the year to April 2023. Producer output (factory gate) prices rose by 2.9% in the year to May 2023, down from a rise of 5.2% in the year to April 2023. Inputs of crude oil and petroleum products provided the largest downward contributions to the change in the annual rates of input and output inflation, respectively. While annual producer price inflation rates have been slowing in recent months, the index levels for both input and output prices have been broadly stable since June 2022. On a monthly basis, producer input prices fell ... (full story)