"Figure 8: Price movements pass quickly from crude oil to consumer prices for fuels and lubricants ","" "Price movements for crude oil in input PPI, coke and refined petroleum products in output PPI and fuels and lubricants in CPIH, UK, Jan 1997 to Feb 2022 ","" "","" "Notes","" "Unit","%" "","" "","Inputs of Crude Oil","Coke and Refined Petroleum Products for Domestic Market, Excl Duty","CPIH Fuels and Lubricants" "Jan-97","18.2","13.2","8" "Feb-97","12.6","14.5","10.6" "Mar-97","-8","4.8","10.3" "Apr-97","-23.5","-2.3","8.1" "May-97","-12.7","1.8","8.5" "Jun-97","-10.2","5.2","10" "Jul-97","-13.8","-2.4","15" "Aug-97","-12.8","-2.5","15.1" "Sep-97","-19.2","-10","12.2" "Oct-97","-20.4","-14.5","9.7" "Nov-97","-17.4","-13.6","8.3" "Dec-97","-27","-13.6","4.2" "Jan-98","-34.4","-18.2","4.4" "Feb-98","-34.9","-17.6","3.9" "Mar-98","-34.2","-13.9","4.3" "Apr-98","-25.7","-16.1","10.9" "May-98","-25","-16","10.8" "Jun-98","-34.3","-16.6","9.6" "Jul-98","-35.2","-11.3","5.9" "Aug-98","-36","-17.6","3.7" "Sep-98","-32.3","-22.5","2.1" "Oct-98","-37.4","-21.6","2.4" "Nov-98","-41.2","-23.7","1.9" "Dec-98","-42.1","-27.4","1.1" "Jan-99","-27.1","-25.5","0.7" "Feb-99","-25.4","-20.5","1.1" "Mar-99","-4.7","-14.7","7.5" "Apr-99","16.5","3.7","7.1" "May-99","8.7","4.9","6.6" "Jun-99","34.7","5.9","6.6" "Jul-99","65.2","19.6","7.6" "Aug-99","67.6","29.9","10.4" "Sep-99","69.7","40.3","11" "Oct-99","74","40.8","12.2" "Nov-99","121.7","49.5","12.7" "Dec-99","156.1","79.4","17.2" "Jan-00","124.8","85.7","18" "Feb-00","163.9","83.9","18.5" "Mar-00","123.7","85.6","16.1" "Apr-00","54","60.5","12.6" "May-00","90.5","56.7","12.2" "Jun-00","98.6","73.9","18.1" "Jul-00","55","59.9","17.4" "Aug-00","55","41.9","9.5" "Sep-00","62.8","41.2","11.6" "Oct-00","58","44.8","8" "Nov-00","48.5","42.6","11.2" "Dec-00","11.3","22.6","6.7" "Jan-01","9.9","8.1","2.4" "Feb-01","7.7","1","3" "Mar-01","-2.6","-3.5","-3.7" "Apr-01","19.1","2.8","-4.8" "May-01","9.2","9.5","-1.6" "Jun-01","0.7","0.8","-5.4" "Jul-01","-7.8","-5.5","-7.5" "Aug-01","-10.7","-3.9","-4.3" "Sep-01","-21.5","-9.7","-6.7" "Oct-01","-33.9","-18.3","-5.9" "Nov-01","-41","-31.4","-12.8" "Dec-01","-27.1","-30.9","-12.9" "Jan-02","-22.2","-20.3","-8.4" "Feb-02","-26.2","-14.5","-8.7" "Mar-02","-6.6","-10.4","-4.8" "Apr-02","-1.6","-6.9","-1" "May-02","-14.7","-10.2","-4.2" "Jun-02","-19","-15.2","-6" "Jul-02","-4.2","-13.3","-5.2" "Aug-02","-1.6","-10.3","-4.1" "Sep-02","3.8","-6.3","-2.5" "Oct-02","24.9","0.9","-0.9" "Nov-02","14.8","13.7","4.1" "Dec-02","37.2","20.8","5.3" "Jan-03","46.1","24.4","6.5" "Feb-03","46.9","33","7.7" "Mar-03","23.7","41.5","10.3" "Apr-03","-7","15.6","4.3" "May-03","-8","0.8","0.9" "Jun-03","2.4","0.6","0.8" "Jul-03","5.3","3.4","1.7" "Aug-03","6","7.1","2.6" "Sep-03","-8.3","2.9","2.3" "Oct-03","-0.4","-1.9","1.8" "Nov-03","10.9","2.7","2.3" "Dec-03","-4.3","2.5","2.9" "Jan-04","-15.7","-1.7","1.5" "Feb-04","-19.9","-10.5","0.3" "Mar-04","-7.3","-17.9","-2.1" "Apr-04","12.7","-4.2","-0.6" "May-04","33.6","18.5","8.1" "Jun-04","15.5","24.1","9.1" "Jul-04","15.8","20.8","7.6" "Aug-04","27.4","24.2","7.2" "Sep-04","44","30","6.9" "Oct-04","51.8","45.2","9.7" "Nov-04","33.5","45.5","11" "Dec-04","17.1","34.8","8.7" "Jan-05","37.7","24.8","4.4" "Feb-05","44.3","28.7","5.6" "Mar-05","48","35.7","6.8" "Apr-05","45.2","44.2","10.3" "May-05","22.9","26.2","4.8" "Jun-05","52","30.6","5.1" "Jul-05","61.8","43.3","9.7" "Aug-05","49.9","38.5","12.6" "Sep-05","43.1","43","17.4" "Oct-05","23.5","33.1","13.3" "Nov-05","41","21.7","8" "Dec-05","61.7","23.1","6.6" "Jan-06","52.9","36.1","12.3" "Feb-06","44.9","35.3","11.6" "Mar-06","29.3","26.2","9.2" "Apr-06","47.4","19.5","8.8" "May-06","44.3","29","13.1" "Jun-06","25.6","23.6","12" "Jul-06","21","16.3","10.4" "Aug-06","8.7","12.4","7.5" "Sep-06","-4.7","-5","-3.7" "Oct-06","-6.8","-15.9","-7.6" "Nov-06","-5.6","-11.4","-4.7" "Dec-06","-2.3","-6.2","0.9" "Jan-07","-21.7","-11.3","-2" "Feb-07","-15.2","-13.6","-3.3" "Mar-07","-8.4","-9.8","-1" "Apr-07","-13.3","-8.4","-1.2" "May-07","-8.4","-7.5","-1.3" "Jun-07","-1","-4.2","0.8" "Jul-07","-3.8","-5.7","-1.3" "Aug-07","-6.5","-6.3","-2.4" "Sep-07","16.5","5.1","3.3" "Oct-07","32.2","19.2","12.2" "Nov-07","46.3","36.7","17" "Dec-07","43.5","42.2","16.4" "Jan-08","71.3","48.4","19.2" "Feb-08","66.8","53.2","20.4" "Mar-08","61.1","56","20.4" "Apr-08","64.8","56.4","18.6" "May-08","84.4","64.2","19.6" "Jun-08","85.3","70.3","24" "Jul-08","76.6","71.1","25.8" "Aug-08","68.9","58.9","20.7" "Sep-08","45.4","49","19.6" "Oct-08","9.2","28","9.2" "Nov-08","-20.5","-3.3","-3.6" "Dec-08","-39.7","-21.2","-11.1" "Jan-09","-39","-27.7","-15.2" "Feb-09","-37","-30.8","-12.6" "Mar-09","-35.6","-36","-14" "Apr-09","-38.1","-37.6","-12.4" "May-09","-39.6","-41.7","-13.9" "Jun-09","-38.1","-40.6","-14.8" "Jul-09","-40.2","-41.3","-15.1" "Aug-09","-26.9","-33.7","-10.1" "Sep-09","-24.3","-31.1","-6.6" "Oct-09","2.3","-18.5","-1" "Nov-09","32.2","1.4","10.9" "Dec-09","69","19.8","18.4" "Jan-10","66.1","32.4","25.2" "Feb-10","56.9","35.4","22.2" "Mar-10","59.4","48.1","24.6" "Apr-10","60.9","51.4","25.1" "May-10","37.1","45","22.8" "Jun-10","23","28.3","15.9" "Jul-10","24.9","25.2","14.4" "Aug-10","13.7","19.3","12.1" "Sep-10","20.2","20","8.6" "Oct-10","16.1","20.7","11.3" "Nov-10","15.8","17.8","10.1" "Dec-10","27.3","25.5","13" "Jan-11","30.1","28.3","15.3" "Feb-11","33.8","33.6","16" "Mar-11","35.1","33","15.9" "Apr-11","38.3","29.4","12.7" "May-11","38.2","27.6","13.7" "Jun-11","40.7","31.2","15.1" "Jul-11","45.6","34.9","15.1" "Aug-11","36.8","33.6","17" "Sep-11","45.4","35.3","17.8" "Oct-11","35.9","30.5","15.4" "Nov-11","33.6","30.5","13.1" "Dec-11","20.6","19.7","9.4" "Jan-12","14.4","15.5","5.3" "Feb-12","18.9","13.4","5.2" "Mar-12","12.5","8.8","4.8" "Apr-12","0.1","4.8","5.4" "May-12","-1","1.2","0.8" "Jun-12","-12.5","-5","-1.6" "Jul-12","-9.8","-4.3","-2" "Aug-12","5.1","4.2","-0.1" "Sep-12","-3","5.8","2.8" "Oct-12","-1.5","5.1","2.4" "Nov-12","-3.5","-1.1","1" "Dec-12","-3.4","-1.5","-0.2" "Jan-13","0.1","-1.8","-0.7" "Feb-13","-1.8","3.1","0.7" "Mar-13","-8.9","-2.1","0.1" "Apr-13","-11.1","-7.7","-3.8" "May-13","-3.7","-4.7","-2.9" "Jun-13","6.2","2.8","0.9" "Jul-13","8.6","5.5","2.4" "Aug-13","0.3","0.2","1.2" "Sep-13","0.7","-3.1","-1.7" "Oct-13","-2.4","-7.7","-4.1" "Nov-13","-3.5","-5.6","-3.6" "Dec-13","0.2","-1.5","-1.3" "Jan-14","-5.9","-5.5","-1.8" "Feb-14","-11.1","-12","-5.1" "Mar-14","-10.6","-12.1","-6.6" "Apr-14","-4.2","-7","-5" "May-14","-3.3","-5.4","-2.6" "Jun-14","-0.8","-6","-3" "Jul-14","-11.1","-10.2","-3" "Aug-14","-14.5","-12.5","-5.7" "Sep-14","-16.3","-13.6","-6" "Oct-14","-20.9","-13.7","-4.8" "Nov-14","-24.3","-16.1","-5.9" "Dec-14","-39.8","-27.2","-10.6" "Jan-15","-49.6","-38.4","-16.2" "Feb-15","-44","-35.4","-16.6" "Mar-15","-41","-31.7","-13.7" "Apr-15","-38.7","-29.8","-12.3" "May-15","-37.4","-26.1","-10.9" "Jun-15","-40.4","-27","-10.5" "Jul-15","-41.7","-29.6","-11.5" "Aug-15","-50","-34.6","-12.8" "Sep-15","-47.2","-35.6","-14.8" "Oct-15","-41.2","-33.7","-14" "Nov-15","-41.5","-32.9","-12.9" "Dec-15","-36.2","-31.3","-11.4" "Jan-16","-30.4","-25.4","-7.3" "Feb-16","-38.5","-27.8","-7.3" "Mar-16","-28.8","-26.6","-9.2" "Apr-16","-26.1","-23.5","-7.5" "May-16","-20.8","-20.6","-6.8" "Jun-16","-12.9","-13.5","-5.4" "Jul-16","-6.4","-8.9","-4.2" "Aug-16","13","-1.8","-2.7" "Sep-16","14.8","3.9","1.4" "Oct-16","27.2","18.4","4.7" "Nov-16","27.4","20.7","7.5" "Dec-16","64.4","40.6","10" "Jan-17","91.8","65.2","16.9" "Feb-17","93.9","64.8","19.4" "Mar-17","54.1","50.3","17" "Apr-17","44.9","38.5","11.5" "May-17","22.8","22.3","7.5" "Jun-17","9.8","9.4","4" "Jul-17","9.3","9.1","2" "Aug-17","17","15.6","5.2" "Sep-17","20","18.9","6.1" "Oct-17","10.9","7.8","3.3" "Nov-17","27.9","13","3.5" "Dec-17","12.8","9.2","4.8" "Jan-18","13.9","6.4","2.1" "Feb-18","9.6","2.2","0.8" "Mar-18","15.4","4","0.3" "Apr-18","19.3","11.9","3" "May-18","45","28.6","8" "Jun-18","54","36","11.6" "Jul-18","51.5","34.5","12.5" "Aug-18","42.9","30.7","11.7" "Sep-18","40.6","27.4","10.8" "Oct-18","41.8","31.8","11.9" "Nov-18","11.9","21.6","8.9" "Dec-18","-4.4","7.6","3.3" "Jan-19","-7.8","0.7","0.7" "Feb-19","4.4","6.7","0.6" "Mar-19","7.2","9.6","2.9" "Apr-19","10.4","7.6","4.3" "May-19","-1.3","1.8","3.4" "Jun-19","-9.6","-4.1","0.7" "Jul-19","-7.8","-0.8","0.2" "Aug-19","-12.4","-3","-0.2" "Sep-19","-16.3","-5.4","-2.1" "Oct-19","-23.1","-11","-3.3" "Nov-19","-8","-8.5","-2.9" "Dec-19","11.4","2.2","1" "Jan-20","9","7.8","4.7" "Feb-20","-10.6","-2.8","2.7" "Mar-20","-40.3","-18.4","-2.4" "Apr-20","-62.6","-40","-12.3" "May-20","-58.9","-45.8","-16.7" "Jun-20","-37.7","-35.4","-16.4" "Jul-20","-33.2","-31.5","-12" "Aug-20","-31.3","-32.3","-11.3" "Sep-20","-35.4","-36.2","-10.6" "Oct-20","-33.9","-35","-10.2" "Nov-20","-30.6","-30.2","-10" "Dec-20","-27","-25","-8.3" "Jan-21","-19.2","-21.1","-8.2" "Feb-21","-3.4","-7.9","-3.5" "Mar-21","52.8","15","3.4" "Apr-21","128.4","51.9","13.6" "May-21","107.7","68.3","17.9" "Jun-21","60","54.3","20.3" "Jul-21","54.4","46.1","17.8" "Aug-21","49.5","50","17.8" "Sep-21","65","65.8","17.8" "Oct-21","86.4","86.1","21.6" "Nov-21","75.9","85.3","28.4" "Dec-21","51.4","67.7","26.8" "Jan-22","53","58.2","23.6" "Feb-22","57.3","50.8","22.3"