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U.K. PPI Output Expands in August, Reflecting Higher Price Pressures

Publish Date07/09/2012 08:46:22 AM

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The United Kingdom released the inflation-linked producer`s price index for August, reflecting higher prices of final goods produced within the Kingdom, where the Prices of producers output expanded by 0.5% from revised reading of 0.1%, more than the expected 0.0% over monthly basis.

Over annual basis, the average changes in the prices of outputs slowed to 2.2% from the revised previous of 1.8% from 1.7%, and still better than the expected reading of 1.9%.

The PPI output core expanded as well by 0.0% over monthly basis, compared with the previous revised reading of -0.1% and better than expected flat reading, the annual index expanded to 1.2% in line with prior and expected reading.

The prices of inputs however rose over monthly basis, where the PPI input jumped by 2.0% from the revised previous expansion of 0.4% from 1.3%, more than projections of 1.7% drop. The annual index came in line with estimates of 1.4% scoring an expansion compared with the previous decline of -2.4%.

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