London (Reuters) - manufacturing inputs have increased slightly faster than expected in November and the annual rate of fastest growing since July, official data showed on Monday.
Release alongside exit producer Friday pricing data producer pricing on Monday who had initially planned data input released national statistical office.
However concern last minute delayed potential errors the publication of data entry price until Monday.
The NSO stated inflation picked up 9.0% to 8.2% in October, over a economists forecast annual producer admission price increase of 8.5%. There are revisions to the increase in the prior month.
An increase in the cost of crude oil has been the largest driver, accounting for more than a third of the annual increase. Import of metals and chemicals were the second drivers and the third largest.
Crude oil is also the largest monthly increase driver even though this was partly offset by a fall in the cost of production of food. Prices of materials imported as a whole increased by 0.6% on the month.
Despite the slightly faster rising input prices expected Friday exit price figures were slightly softer as expected, suggesting companies manage to absorb some of the higher costs.
Exit producer price inflation fell suddenly to 3.9% in November 4.0% in October, after the cost of petroleum products increased more slowly than in November 2009.
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