Both the annual and monthly rate of producer price inflation increased in February 2017.

Factory gate prices (output prices) rose 3.7% on the year to February 2017, which is the eighth consecutive period of annual price increases and the highest they have been since December 2011.

Prices for materials and fuels paid by UK manufacturers for processing (input prices) rose 19.1% on the year, a slight decrease from the year to January 2017 but the second fastest rate of annual growth since September 2008.

Prices of imported materials and fuels increased 19.0% on the year, which is the first time the annual rate has been lower than the overall input PPI since December 2015.