The headline rate of inflation for goods leaving the factory gate (output prices) was 2.6% on the year to February 2018, down from 2.8% in January 2018.

Prices for materials and fuels (input prices) rose 3.4% on the year to February 2018, down from 4.5% in January 2018.

All industries provided upward contributions to output annual inflation; the largest contribution was made by food products.

Crude oil continued to provide the largest upward contribution to the input annual inflation, despite providing the largest downward contribution on the month.