Financial Times FT.com

UK producer prices hit 16-year high

By Delphine Strauss

Published: December 10 2007 10:53 | Last updated: December 10 2007 17:52

Factory-gate inflation hit a 16-year high in November as manufacturers passed on rapidly rising food and fuel costs, according to official data that could heighten policymakers’ worries over rising inflationary pressures.

The Office for National Statistics said on Monday output prices rose 0.5 per cent between October and November, slightly above analysts’ expectations, taking the annual rate of inflation to 4.5 per cent, the highest since 1991.

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