British wholesale prices slipped by 0.1% in April from the previous month, according to the latest official figures.
Wholesale prices, or the cost of goods at the factory gate, increased by 1.7% in April from the same time a year ago, slower than the 2.1% rise in March, the National Statistics office said. The figures are not seasonally adjusted.
Input prices, or the cost of raw materials to industry, fell by 3.6% in April from the previous month. Input prices rose by 0.1% in April from the year-earlier period.
The drop in wholesale prices was in line with expectations, while the drop in input prices compared with the consensus forecast of economists for a fall of 1.6% in April from the previous month.
