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UK factory gate prices slowed in October, the latest data from the Office of National Statistics showed on Wednesday.
Producer output prices rose by 14.8% in October against the previous year, down from 16.3% in September. On a monthly basis, output prices increased by 0.3%.
Petroleum products provided the largest downward contribution to the change in output inflation.
Producer input prices rose by 19.2% in October, down from 20.8% in September. On a monthly basis, input prices increased by 0.6%.
The data follows that showed annual consumer inflation in the UK reached a never-before-seen high last month.
The consumer price index rose 11.1% in October from a year before, and up from 10.1% in September.
This was the highest annual CPI rate in the current National Statistic series, which began in January 1997, and came in higher than anticipated, with a reading of 10.7% expected according to FXStreet.
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