Raw Materials: Prices

Department for Business, Energy and Industrial Strategy written question – answered on 30th January 2019.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask Her Majesty's Government what assessment they have made of the latest Consumer Price Index from the ONS which shows that there has been a rise in the cost of raw materials for UK manufacturers.

Photo of Lord Henley Lord Henley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Consumer Price Index is a measure of inflation experienced directly by consumers and so does not incorporate costs of raw materials for UK manufacturers.

The rate of inflation for inputs into UK Manufacturing (materials and fuel), which can be quite volatile, declined in December and also November from its peak in October.

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