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Macroeconomics  |  August 10, 2012 13:10:00

Industrial producer prices grew the slowest Britain since October 2009


Industrial producer prices Great Britain without seasonal mom stagnated in July after a decline of 0.6% in June, the Statistical Office reported. Producer price index most affected by the drop of chemical products, in reverse causing prices of clothing and textile products, alcoholic beverages and tobacco products.

In comparison to growth in producer prices slowed to a new 2.5-year low 1.7% from 2.0% in June. A majority consensus expected 2.2% annual change.The increase came mainly from the price level, prices of alcoholic beverages and tobacco products, other products and food products, especially in reverse causing petroleum products and chemicals. In addition to food, beverages, tobacco and petroleum products, industrial producer prices were flat Britain and annual growth slowed from 1.7% to 1.3%, the lowest level since September 2009.

Input prices recorded after three months of negative growth of 1.3%. Monthly development index affected the rise in oil prices and food products, other components decreased.In comparison to alleviate the decline in input prices to -2.4% from -3.0% in June. Compared to the same period last year, imports fell by 13.2% metal and oil prices by 9.5%.



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