--UK May unadj producer output prices +0.3% on mo; +0.6% on yr
--UK May adj core output prices +0.1% on mo; +0.3% on yr
--UK May unadj core output prices unch on mo; +0.2% on yr
--UK May adj prod input prices +1.4% on mo; +4.7% on yr
--UK May unadj prod input costs +2.2% vs mo; +4.7% on yr
--ONS says UK May input prices mainly up on higher crude oil

London, June 11 (BridgeNews) - Higher crude and petrol prices were behind a rise in manufacturers' input and output costs in May, according to figures published by the Office for National Statistics on Monday. The rise in input and output prices was marginally bigger than markets had expected, but there is little risk of inflation being passed on to retail prices on the high street.
* * * Adjusted producer input prices rose 1.4% from April, an annual rise of 4.7% on the year, compared with forecasts of a monthly rise of 1.1% and an annual increase of 4.5%. Meanwhile output prices rose 0.3% on the month and 0.6% on the year, compared with forecasts of a 0.2% monthly rise and 0.4% annual increase.
Core output prices, which exclude food, beverages, tobacco and petroleum, were as forecast, unchanged from April and up 0.2% on the year.
The ONS said that the figures for input prices excluded any impact from the Climate Change Levy, a tax on large industrial consumers of energy. The ONS said that it still did not have sufficiently reliable figures to calculate the input price index including the Climate Change Levy, but gave what it called "a very provisional estimate" that the tax would add an additional 0.8% to the index. The ONS said it will be some months before it will be in a position to publish consolidated figures.