The latest figures from the UK's Office for National Statistics published today (8 September) have shown a 0.1% rise in output prices for textiles and clothing between July and August.

The figures buck an overall 0.6% decline in the cost of manufactured goods leaving factories - the highest rate of monthly decrease since records began in 1986.

There were also lower input prices for fuel (down 4.8%) and raw materials between July and August according to the latest Producer Prices Index.

In the year to August the output price index for all manufactured products grew 9.7%, while the overall input index rose 26.0%. Output prices for textiles and clothing rose by 1.2% over the same period.

Producer prices are seen as an early sign of inflationary pressure in the shops, and there are now hopes that combined with weaker oil prices there will be a cut in interest rates before the end of the year.