Factory gate prices of goods produced by the UK manufacturers fell 0.3 percent month-over-month in May of 2020, compared to market expectations of a flat reading and following a 0.8 percent decline in April.
Producer Prices in the United Kingdom averaged 61.74 points from 1963 until 2020, reaching an all time high of 116.20 points in July of 2019 and a record low of 8.10 points in February of 1963. This page provides the latest reported value for - United Kingdom Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Producer Prices - values, historical data and charts - was last updated on July of 2020. source: Office for National Statistics
Producer Prices in the United Kingdom is expected to be 114.71 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in the United Kingdom to stand at 115.67 in 12 months time. In the long-term, the United Kingdom Producer Prices is projected to trend around 116.61 points in 2021 and 118.83 points in 2022, according to our econometric models.