Speeches

Lord Birt – 2016 Parliamentary Question to the Department for Business, Energy and Industrial Strategy

The below Parliamentary question was asked by Lord Birt on 2016-09-12.

To ask Her Majesty’s Government what has been the trend for input prices for industry since the EU Referendum.

Baroness Neville-Rolfe

On a monthly basis, total input prices rose by 0.2% in August 2016, after rising by 3.1% in July 2016 and by 1.7% in June 2016.

On a monthly basis, core input prices rose by 0.2% in August 2016, after a rise of 4.2% in July 2016 and 0.7% in June 2016.

The latest ONS producer price inflation data can be found in the following release (also attached): https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/producerpriceinflation/august2016#input-prices-summary