Factory gate prices of goods produced by the UK manufacturers, excluding food, beverages, tobacco and petroleum rose 2.0 percent year-on-year in July of 2019, above a 1.7 advance in June and also market consensus of 1.7 percent. On a monthly basis, core producer prices edged up 0.4 percent, following a 0.1 percent rise in the previous month and above market expectations of 0.1 percent. Core Producer Prices in the United Kingdom averaged 98.14 Index Points from 1996 until 2019, reaching an all time high of 114.60 Index Points in July of 2019 and a record low of 89.80 Index Points in March of 2004.
Core Producer Prices in the United Kingdom is expected to be 114.83 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Producer Prices in the United Kingdom to stand at 116.19 in 12 months time. In the long-term, the United Kingdom Core Producer Prices is projected to trend around 121.17 Index Points in 2020, according to our econometric models.