14 May 2001, 12:43 UK April producer input, output prices-OVERVIEW and SNAPSHOTS
--UK Apr unadj producer output prices +0.1% on mo; +0.5% on yr
--UK Apr adj core output prices unch on mo; +0.3% on yr
--UK Apr adj prod input prices +1.0% on mo; +6.7% on yr
--ONS says UK Apr output price yrly rise lowest since Mar 1999
--ONS: UK Apr food output prices up 0.2% on mo, mainly due to meat
--ONS: UK Apr input prices up on mo mainly on crude oil prices
--UK Apr unadj prod input costs +0.4% vs mo; +6.6% on yr
--UK Apr unadj core output prices unch on mo; +0.3% on yr
London, May 14 (BridgeNews) - U.K. producer output prices posted a
non-seasonally adjusted yearly rise of just 0.5% in April, the lowest
increase since March 1999, data issued Monday by the Office for National
Statistics showed. This modest increase came in spite of an 6.6%
unadjusted yearly rise in input prices. The input price increase "mainly
reflected a rise in crude oil prices," the ONS said. Crude oil prices rose
by 6.3% between March and April and by 22.2% on the year.
* * *
On the output side, the impact of budget changes on petroleum and
tobacco duty appeared to have little effect, contrary to some analysts
expectations.
The ONS said even if the budget duty change on petrol and tobacco had been
passed on in full, they would only have reduced the output index by 0.1
percentage points in April.
The effect of foot-and-mouth disease among U.K. livestock did appear
to show up on the output side. The output food index rose by 0.2
percentage points between March and April, and the ONS said this was
"mainly caused by rises in meat product prices."
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