Core Producer Price Index Output m/m shows the changes in domestic manufactured goods prices in the specified month compared to the previous one.
The indicator does not include prices for food, drinks, tobacco and oil.
In addition to the cost, which includes labor costs, raw materials, energy end enterprise maintenance, the selling price also includes the manufacturer markup.
The producer price index measures the national economy state and the level of inflation. Index growing faster than expected is seen as positive for the pound sterling.