![]() ![]() The sterling effective exchange rate source: Bank of England Source: Office for National Statistics – Producer Price Index. Table 3: Imported materials and fuels purchased and sterling effective exchange rate, index values, inflation rates and percentage point change to the annual inflation rate This is up slightly from 16.7% in December 2022 but down 7.9 percentage points from its peak of 24.7% in October 2022 (Table 3). The annual rate increased by 16.8% in January 2023. This is up from a fall of 2.3% in December 2022 and a fall of 2.4% in November 2022. Input prices of imported materials and fuels increased by 0.6% in January 2023. Source: Office for National Statistics – Producer Price Index Download this table Table 2: Input prices, inflation rates. UK, December 2022 and January 2023 Product group Farming costs and energy prices continue to keep the price of home food materials high.Īs indicated in our Classification review of the Energy Price Guarantee and Energy Bill Relief Scheme (EBRS) statement, the data relating to the inputs of fuel continues to reflect the impact of EBRS. Home food materials saw an increase in the year to January 2023 of 18.0%, up marginally from 17.8% in December 2022. The second largest contributor to the annual rate in January 2023 came from home food materials, which contributed 2.37 percentage points (Figure 3). This is up from 13.6% in December 2022 as global steel prices and energy costs continue to affect the price of these materials. This product group saw an increase in the year to January 2023 of 14.2% (Table 2). The largest upward contribution to the annual input inflation rate came from metals and non-metallic mineral products, which contributed 3.17 percentage points (Figure 3). Rates may not correspond to index value changes because of rounding.ĭownload this table Table 1: Input prices, index values, inflation rates and percentage point change to the annual inflation rate. ![]() Source: Office for National Statistics – Producer Price Index UK, January 2022 to January 2023 All materials and fuels purchased (GHIP) Table 1: Input prices, index values, inflation rates and percentage point change to the annual inflation rate ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |