Producer Price Inflation May 2018

Producer Price Inflation May 2018

Output price inflation rose to 2.9% in MAy 2018, from 2.5% in April. Input price inflation rose from 5.6% in April to 9.2%.

Output price inflation in May 2018 increased from 2.5% in April to 2.9%. Input price inflation also rose, to 9.2% from 5.6% in April. Input price inflation is usually more volatile, due to the large impact of global commodity prices and exchange rates. The recent rise of global oil prices provided the largest upward contribution to both input and output prices. Chemicals and pharmaceuticals contributed the second largest rise to input prices.

The Midlands Economic Forum is a neutral, independent forum bringing together representatives of the public, private and voluntary sectors to evaluate real trends in the local economy. Events are run according to "The Chatham House Rule", agenda and participants subject to revision and change.

The Midlands Economic Forum is a registered limited liability company: Cardiff, number: 07025784 registered office: Beaufort Way, Aldridge WS9 0HJ

Contact Details

Telephone
07738 324517

Email
info@midlandseconomicforum.co.uk