INTRODUCTION
Statistical study is defined as analysing data relating to a problem and then trying to find
solution. The topic being studied in the report is the producer’s price inflation and within it price
indices of all manufacturing and selected industries from UK output will be discussed. Analysis
of price inflation is necessary to be understood as this will assist companies in analysing that
how much inflation is being increased or decreased.
Statistical question
1. What are average number of output including all manufactured product?
2. What are average number of manufactured products but excluding food beverage,
tobacco and petroleum?
3. What is the average output of all manufactured products but in exclusion of duty less
Division 19?
METHODOLOGY
For the present study, use of secondary sources of data was used in order to reach to some
conclusion relating to producer price inflation in UK (Javdanian, 2019). For this study data
relating to price indices of UK output will be analysed with help of this data. The reason for
choosing the selected data is that it will outline the prices of all the manufactured products and
this will assist in analysing the fact that how much inflation is there in prices.
CALCULATION AND GRAPH
2020 2020 2020 2020 2020 2020 2020 2021
Jun Jul Aug Sep Oct Nov Dec Jan
Mean 108.32
108.686
67 108.67
109.113
33
109.363
33
110.636
67 110.87
111.323
33
Standard Error 1.32052
1.17565
08
1.19641
37
1.47208
3
1.49475
31
1.62190
81
1.64707
44
1.64610
78
Median 106.9 106.85 106.95 107.1 107.1 107.85 107.15 107.1
Mode 113.1 106 115.2 109.1 106.7 107.2 106.7 106.7
Standard De-
viation 7.2328
6.43930
46
6.55302
77
8.06293
06
8.18710
02
8.88355
64
9.02139
79
9.01610
37
Sample Vari-
ance 52.3134
41.4646
44
42.9421
72
65.0108
51
67.0286
09
78.9175
75
81.3856
21
81.2901
26

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Statistical Report on Producer Price Inflation in UK

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