9 July 2001, 13:36  UK June producer input, output prices-OVERVIEW

--UK Jun unadj producer output prices +0.1% on mo; +0.4% on yr
--UK Jun adj prod input prices +0.1% on mo; +2.6% on yr
--UK Jun adj core output prices +0.1% on mo; +0.1% on yr
--UK Jun unadj core output prices +0.1% on mo; +0.2% on yr
--UK Jun unadj prod input costs +0.2% vs mo; +2.6% on yr
--UK Jun input prices slightly stronger than seen, output in line
--UK Jun output price rise on year lowest since Feb 1999

London, July 9 (BridgeNews) - The input and output prices of U.K. manufacturers continued to slow in June as a result of lower crude oil prices and food costs, although the slowdown was not quite as fast as analysts had expected. Input prices rose an adjusted 0.1% from May and were up 2.6% on the year, while output prices rose an unadjusted 0.1% from May and 0.4% from a year ago. The output price rise was the lowest since February 1999, but the figures are likely to have very little impact on the interest debate in the U.K.
Analysts had forecast that input prices would actually fall 0.2% on the month to produce a 2.4% annual rise, and predicted that output prices would rise 0.1% on the month and 0.3% on the year.
Core output prices, which strip out the usually volatile effects of food, beverage and tobacco costs, rose 0.1% on the month and 0.1% on the year, in line with analysts' expectations.
The figures continue to exclude the impact on input prices of the Climate Change Levy, a tax on large industrial users of energy. The ONS said it still lacked sufficient data to make a reliable estimate of the effect of the tax, but that a very provisional estimate was that it would have added 1.0% to the input price index.
Prices of imported materials remained subdued, indicating that the strength of the pound had also contributed to the low level of producer price inflation.
The cost of all imported materials rose only 0.8% in the year to June, compared with 2.1% in May and 5.4% in April.

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