Factory gate prices of goods produced by the UK manufacturers dropped 0.9 percent year-on-year in September 2020, the same as in the previous three months and matching market expectations. It was the sixth consecutive month of decline in factory prices, due to a fall in prices of petroleum (-19.7 percent), dragged by diesel and gas oil (-18.3 percent). Other downward contributions came from chemicals & pharmaceuticals (-1.7 percent), paper & printing (-0.8 percent). Meanwhile, of the seven product groups that provided a positive contribution to the annual rate, the largest came from tobacco and alcohol (2.8 percent) and food products (1.3 percent). On a monthly basis, producer prices edged down 0.1 percent, after a revised 0.1 percent rise in August and compared with market expectations of a 0.1 percent gain. source: Office for National Statistics

Producer Prices Change in the United Kingdom averaged 4.93 percent from 1964 until 2020, reaching an all time high of 27.80 percent in January of 1975 and a record low of -1.90 percent in August of 2015. This page provides the latest reported value for - United Kingdom Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Producer Prices Change in the United Kingdom is expected to be -0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in the United Kingdom to stand at 1.10 in 12 months time. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 1.60 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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United Kingdom Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -0.90 27.80 -1.90 1964 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 06:00 AM Jun -0.8% -1.2% -1.1% -1.3%
2020-08-19 06:00 AM Jul -0.9% -0.9% -0.9% -0.8%
2020-09-16 06:00 AM Aug -0.9% -0.9% -0.7% -0.7%
2020-10-21 06:00 AM Sep -0.9% -0.9% -0.9% -1.0%
2020-11-18 07:00 AM Oct -0.9%
2020-12-16 07:00 AM Nov


News Stream
UK Producer Prices Fall for 6th Month
Factory gate prices of goods produced by the UK manufacturers dropped 0.9 percent year-on-year in September 2020, the same as in the previous three months and matching market expectations. It was the sixth consecutive month of decline in factory prices, due to a fall in prices of petroleum (-19.7 percent), dragged by diesel and gas oil (-18.3 percent). Other downward contributions came from chemicals & pharmaceuticals (-1.7 percent), paper & printing (-0.8 percent). Meanwhile, of the seven product groups that provided a positive contribution to the annual rate, the largest came from tobacco and alcohol (2.8 percent) and food products (1.3 percent). On a monthly basis, producer prices edged down 0.1 percent, after a revised 0.1 percent rise in August and compared with market expectations of a 0.1 percent gain.
2020-10-21
UK Producer Prices Drop More than Expected
Factory gate prices of goods produced by the UK manufacturers fell 0.9 percent year-on-year in August 2020, unchanged from the previous two months and worse than market expectations of 0.7 percent fall. It was the fifth consecutive month of decrease in factory prices, due to a fall in prices of petroleum (-17.7 percent), dragged by diesel and gas oil (-14.3 percent). Other downward contributions came from chemicals & pharmaceuticals (-1.8 percent), paper & printing (-0.6 percent). Meanwhile, of the seven product groups that provided a positive contribution to the annual rate, the largest came from tobacco and alcohol (2.7 percent) and food products (0.8 percent). On a monthly basis, producer prices were unchanged, after a 0.3 percent rise in July and compared with market expectations of a 0.2 percent gain.
2020-09-16
UK Producer Prices Drop for 4th Month
Factory gate prices of goods produced by the UK manufacturers fell 0.9 percent year-on-year in July 2020, unchanged from a revised figure in the previous month and in line with market expectations. It was the fourth consecutive decrease in factory prices, amid the reopening of almost all economic sectors and business activities. Of the 10 product groups, four provided negative contributions to the output annual rate, of which petroleum (-17.6 percent), chemicals & pharmaceuticals (-2.1 percent), paper & printing (-0.9 percent) and other manufactured products (-0.2 percent). On a monthly basis, producer prices went up 0.3 percent, the second straight monthly increase, and the same as in June.
2020-08-19
UK Producer Prices Fall Less Than Expected
Factory gate prices of goods produced by the UK manufacturers dropped 0.8 percent year-on-year in June 2020, following a downwardly revised 1.2 percent fall in the previous month and compared with market expectations of a 1.1 percent decrease. It was the third consecutive decline in factory prices, amid the gradual reopening of workplaces and premises as a result of the lifting of the government coronavirus lockdown restrictions. Of the 10 product groups, four provided negative contributions to the output annual rate, of which petroleum (-20.5 percent), chemicals & pharmaceuticals (-1.6 percent), paper & printing (-0.4 percent) and other manufactured products (-0.2 percent). On a monthly basis, producer prices went up 0.3 percent, the most since July last year, after falling a downwardly revised 0.2 percent in May.
2020-07-15

United Kingdom Producer Prices Change
In the United Kingdom, the Producer Price Index (PPI) is a monthly survey that measures the price changes of goods bought and sold by manufacturers and provides an important measure of inflation. The factory gate price (the output price) is the price of goods sold by UK manufacturers. It includes costs such as labour, raw materials and energy, as well as interest on loans, site or building maintenance, or rent and excludes taxes. .