United Kingdom Producer Prices Change1964-2020 Data | 2021-2022 Forecast | Calendar

Factory gate prices of goods produced by the UK manufacturers increased 1.1 percent year-on-year in January 2020, following a 0.9 percent rise in December and above market expectations of 1 percent. This is the first time the producer inflation rate has picked up for two consecutive months since October 2018, as cost of petroleum products rose at the fastest pace since November 2018 (4.9% vs 0.1% in December). Also, prices advanced further for computer, electrical & optical products (1.5% vs 1.4%); food (0.9% vs 0.7%); and other manufactured products (0.9% vs 0.7%). In contrast, prices slowed for transport equipment (0.9% vs 1.7%); tobacco & alcohol (1% vs 1.25); and clothing, textiles & leather (0.8% vs 1.1%). Additionally, cost of chemical & pharmaceutical continued to fall (-1.7% vs -1.5%). On a monthly basis, output prices went up 0.3 percent, after a flat reading in December and above forecasts of a 0.1 percent rise.

Factory gate prices of goods produced by the UK manufacturers rose 0.9% year-on-year in December 2019, up from a 0.5% increase in November and matching market expectations. This is the first time the rate has picked up since July 2019, mainly driven by prices of transport equipment (1.7% vs 1.6% in November); petroleum products (0.1% vs -5 percent); computer, electrical & optical products (1.4% vs 1.9%); tobacco & alcohol (1.2% vs 0.8%); clothing, textiles & leather (1.1% vs 1%); metals, machinery & equipment (1.7% vs 2.1%) and food (0.7% vs 0.5%). On a monthly basis, output prices were flat, after dropping 0.2 percent in the prior month and compared with market estimates of a 0.1 percent gain. In addition, prices for materials and fuels paid by the UK manufacturers for processing (input prices) edged down 0.1%, following a downwardly revised 1.9% decrease in November and more than an expected 0.8% fall.

Factory gate prices of goods produced by the UK manufacturers rose 0.5% year-on-year in November, slowing from a 0.8% gain in October and below market forecasts of a 0.8% increase. It was the lowest producer inflation rate since July 2016, as prices eased for food products (0.5% vs 0.8% in October); clothing, textile & leather (1% vs 1.4%); paper & printing (0.5% vs 1%); metal, machinery & equipment (2.1% vs 2.7%) and other manufactured products (1.1% vs 1.5%). Also, cost of tobacco & alcohol slowed (0.8% vs 2.4%), despite showing no movement between October 2019 and November 2019, tobacco and alcohol increased 1.5% between the same period last year because of the rise in Tobacco Duty introduced in November 2018. On a monthly basis, output prices went down 0.2%, after declining 0.1% in the prior month. In addition, prices for materials and fuels paid by the UK manufacturers for processing (input prices) fell 2.7%, following a 5% decrease in October.

Factory gate prices of goods produced by the UK manufacturers increased 0.8% year-on-year in October 2019, easing from a 1.2% rise in the previous month and below market expectations of 0.9%. It is the lowest producer inflation since August 2016, as prices slowed for wearing apparel (1.1% vs 2.9% in September); leather and related products (0.1% vs 0.5%); wood and products of wood and cork, except furniture (0.7% vs 1.6%); paper and paper products (0.7% vs 1.3%); rubber and plastic products (1.5% vs 1.8%). Cost continued to fall for coke and refined petroleum products, including duty (-2.5% vs -2.7%) and chemicals and chemical products (-2.8% vs -2.3%). On a monthly basis, output prices edged down 0.1%, the same as in the previous month. Additionally, prices for materials and fuels paid by the UK manufacturers for processing (input prices) dropped 5.1% year-on-year, following a 3% decline in the prior month, the third straight monthly fall and the steepest since April 2016.