Factory gate inflation up 4%

Factory gate inflation picked up slightly last month but was lower than expected after the biggest reworking of the official data since 1992, figures from the Office for National Statistics yesterday showed.

The ONS said annual producer output price inflation rose to 4 per cent from 3.8 per cent in September, against forecasts for a reading of 4.4 per cent. Annual input price inflation slowed to 8 per cent from 8.7 per cent.