WIREDGOV

Main points

• The price of goods bought and sold by UK manufacturers, as estimated by the producer price index, continued to fall in the year to October 2015. Crude oil continued to drive down input prices, feeding through to a drop in output prices of petroleum products.
• Factory gate prices (output prices) for goods produced by UK manufacturers fell 1.3% in the year to October 2015, compared with a fall of 1.8% in the year to September 2015.
• Core factory gate prices, which exclude the more volatile food, beverage, tobacco and petroleum products, rose 0.3% in the year to October 2015, compared with a rise of 0.2% in the year to September 2015.
• The overall price of materials and fuels bought by UK manufacturers for processing (total input prices) fell 12.1% in the year to October 2015, up from a fall of 13.4% in the year to September 2015.
• Core input prices, which exclude the more volatile food, beverage, tobacco and petroleum products, fell 6.5% in the year to October 2015, compared with a fall of 5.7% in the year to September 2015.

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