UK Output Prices Fall Again In August

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Friday, the Office for National Statistics said UK output prices were down 0.4% in August, smaller than July's 1.3% annual decline and 0.5% fall expected by economists. Month-on-month, output prices rose 0.2% in August, the same as in July. The expected growth rate was 0.3%.

Core output prices that excludes food, beverages, tobacco and petroleum climbed 0.2% on a monthly basis and 0.7% annually in August.

Meanwhile,the input price index for materials and fuels purchased by manufacturing industry slipped 7.5% in August from the prior year compared to a larger decline of 12.2% in July. Input prices grew 2.2% on a monthly basis, reversing a 1.1% fall in July. Input prices increased more than the expected growth of 1%.

Friday, the Office for National Statistics said UK output prices were down 0.4% in August, smaller than July's 1.3% annual decline and 0.5% fall expected by economists. (Market News Provided by RTTNews)