UK producer input prices drop 1.2% in August

UK producer input prices fell by 1.2 per cent in August 2024, year-on-year, a significant drop from the revised 0.2 per cent increase observed in July. On a monthly basis, input prices decreased by 0.5 per cent.

Producer output (factory gate) prices, however, showed a modest annual increase of 0.2 per cent in August, down from a 0.8 per cent rise in July. Monthly, output prices fell by 0.3 per cent.