The price of goods leaving the factory gate rose in August, while the price of raw materials going in recorded an even stronger rise for the month, mostly reflecting increases in the price of oil.

The producer price index of output prices registered a 0.2 per cent rise, mainly due to increases in the cost of other manufactured petroleum and chemical products, although these were partly offset by a fall in tobacco and alcohol product prices, according to the Office for National Statistics. For the full year, output prices fell by 0.4 per cent.