The Office for National Statistics (ONS) has released figures showing that output price annual inflation for all manufactured products increased by 5.7 per cent in January.

The ONS has also said that input price inflation rose from 12.2 per cent in December to 19.1 per cent in January.

The ONS said that month by month, the output prices measure for all manufactured products increased by 1.0 per cent in January – mainly due to rises in other manufactured products.

The 'narrow' output prices measure, which excludes volatile sectors, saw an annual increase of 3.1 per cent. The seasonally adjusted measure increased 0.8 per cent between December and January.

According to the ONS, on a month on month basis, the input prices measure of UK manufacturers' materials and fuels increased 2.9 per cent. This was attributed largely to the increase in crude oil prices. Seasonally adjusted the index increased 2.6 per cent between December and January.

The ONS said that the 'narrow' input prices measure rose 7.3 per cent in the year to January and 2.3 per cent between December 2007 and January 2008.