Apparel prices were mixed in the year to January

Apparel prices were mixed in the year to January

The output price index for all goods produced by UK manufacturers – also known as factory gate prices – fell at a slower pace in the year to January, while apparel prices remained mixed. 

According to the monthly Producer Price Inflation report from the Office for National Statistics (ONS), the overall decline of 1% compares to a 1.4% drop in the year to December. Between December and January, factory gate prices edged up 0.1%, compared to a 0.3% decrease the prior month. 

Clothing, textiles and leather product prices were down 0.4% in the year to January, but climbed 0.1% from December to January. 

The overall price of materials and fuels bought by UK manufacturers for processing – total input prices – fell 7.6% in the year to January, from a 10.4% decline in the year to December.