(RTTNews) - UK’s output prices climbed 1.7% on a yearly basis in October, much larger than the 0.4% growth seen in September, the Office for National Statistics reported Friday. However, the annual growth rate was smaller than the 1.9% increase expected by economists.

The output price index rose 0.2% in October from September, mainly reflecting price rises in electrical products, transport equipment, alcohol and tobacco and petroleum products. Economists were expecting output prices to rise at a pace of 0.3% in October, following a 0.5% increase in September.

Further, the ONS said input prices for materials and fuels purchased by manufacturing industry edged up 0.1% from the previous year, reversing a revised 6.2% fall in September. Month-on-month, input prices climbed 2.6% compared to a revised 0.2% fall in the prior month. Economists were looking for an annual 1.3% decline and a monthly growth of 1.5%.

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