Factory gate prices of goods produced by the UK manufacturers dropped 0.2 percent year-on-year in January 2021, the least since last March and compared with market expectations of a 0.4 percent fall. Petroleum prices fell for a 12th consecutive month (-22.2 percent) driven by refined petroleum products for the domestic market. Also, both paper & printing and tobacco and alcohol prices declined 0.1 percent, each. On the other hand, the largest upward contribution came chemical and pharmaceutical products (2.1 percent). On a monthly basis, producer prices rose 0.4 percent, accelerating from a downwardly revised 0.2 percent gain in the prior month and beating market expectations of a 0.2 percent growth. source: Office for National Statistics
Producer Prices Change in the United Kingdom averaged 4.96 percent from 1964 until 2021, reaching an all time high of 27.80 percent in January of 1975 and a record low of -7.30 percent in July of 2009. 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 March of 2021.
Producer Prices Change in the United Kingdom is expected to be 0.40 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 1.60 in 12 months time. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 1.90 percent in 2022, according to our econometric models.