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Growth in UK producer prices

14 April 2010
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Growth in UK producer pricesThe prices commanded by UK manufacturers rose by five per cent year-on-year in March.

According to the latest output price index for home sales of goods produced in the country, the March total stood above a 4.2 per cent annual rise in February.

Particular sectors contributed more to a 0.9 per cent increase in producer prices between February and March, including petroleum and chemical products.

Meanwhile, the Office for National Statistics (ONS) estimates less than 0.1 per cent has been added to the overall output index for March by alterations to excise duties.

Excluding food, beverages, petroleum and tobacco, the annual increase in output prices was 3.6 per cent to March and 0.7 per cent over the month.

ONS figures revealed a 1.4 per cent increase in the manufacturing index in February, with output up across eight of ten sub-sectors.

Improving conditions for manufacturers in the UK could cause firms to invest in training such as an APICS qualification for operations management professionals to further enhance their business and reduce costs.ADNFCR-3058-ID-19721593-ADNFCR
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