Factory gate prices continued to fall in the year to July

Factory gate prices continued to fall in the year to July

The output price index for all goods produced by UK manufacturers - also known as factory gate prices - continued to fall in the year to July 2015, with clothing remaining unmoved.

According to the Office for National Statistics (ONS') monthly Producer Price Inflation report, the decline of 1.6% is higher than the fall of 1.5% in the year to June.

The overall price of materials and fuels bought by UK manufacturers for processing - total input prices - declined 12.4% in the year to July, up from a fall of 13.1% in the year to June.

As in the year to June, clothing, textiles and leather product prices saw no movement in the year to July.