INSTANT VIEW: August output prices show record fall

LONDON (Reuters) - Manufacturing output prices fell in August at their sharpest rate since records began in 1986 because of lower petrol and scrap metal prices, in a sign that factory gate inflation may have peaked.

Manufacturers' raw material costs also fell more than expected last month and July's drop was also revised to show a steeper fall, official data showed on Monday.

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KEY FIGURES FOR AUG PRODUCER PRICES DATA

MM YY

Output prices nsa -0.6 9.7

Core output prices sa -0.1 6.3

Input prices sa -2.0 26.2

Consensus forecast: MM YY