UK: Clothing price rises fuel “factory gate” inflation
Price rises for clothing, textiles and leather goods helped “factory gate” annual inflation for manufactured goods in the UK to increase by 5.9% in July.
According to figures released by the Office for National Statistics (ONS), input price annual inflation – what manufacturers buy – was up 18.5% in July, compared with a rise of 16.8% in the year to June.
“Month on month, the output price measure for all manufactured products [factory gate inflation] rose 0.2% between June and July,” the ONS said.
“This was largely driven by price rises in food, and clothing, textiles and leather products.”
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