The headline rate of inflation for goods leaving the factory gate (output prices) was 3.1% on the year to July 2018, down from 3.3% in June 2018.

Prices for materials and fuels (input prices) rose 10.9% on the year to July 2018, up from 10.3% in June 2018.

All product groups provided upward contributions to output annual inflation; the largest contribution was made by petroleum products.

Input annual inflation increased for the fifth consecutive month; crude oil provided the largest upward contribution to the annual and monthly rate.