Producer input prices fell by 2.3% in the year to August 2023, up from a revised fall of 3.2% in the year to July 2023. Producer output (factory gate) prices fell by 0.4% in the year to August 2023, up from a revised fall of 0.7% in the year to July 2023. On a monthly basis, producer input prices rose by 0.4% and output prices rose by 0.2% in August 2023. Crude oil and petroleum products provided the largest downward contributions to the annual rates of input and output inflation, respectively. While annual producer price inflation rates have recently turned negative, with prices in some sectors falling, the index ... (full story)