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.

Producer Prices Change in the United Kingdom averaged 5 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. source: Office for National Statistics

Producer Prices Change in the United Kingdom is expected to be 1.00 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 1.40 in 12 months time. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 2.20 percent in 2021 and 1.90 percent in 2022, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United Kingdom Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.90 27.80 -1.90 1964 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-13 09:30 AM PPI Output YoY Oct 0.8% 1.2% 0.9% 0.7%
2019-12-18 09:30 AM PPI Output YoY Nov 0.5% 0.8% 0.8% 0.6%
2020-01-15 09:30 AM PPI Output YoY Dec 0.9% 0.5% 0.9% 1%
2020-02-19 09:30 AM PPI Output YoY Jan 1.1% 0.9% 1% 1.1%
2020-03-25 09:30 AM PPI Output YoY Feb 1.1% 1.2%
2020-04-22 08:30 AM PPI Output YoY Mar 1.0%
2020-05-20 08:30 AM PPI Output YoY Apr 0.9%
2020-06-17 08:30 AM PPI Output YoY May


News Stream
UK Producer Inflation Rises to 1.1% in January
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.
2020-02-19
UK Producer Inflation Edges Up to 0.9% in December
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.
2020-01-15
UK Producer Inflation Rate Slows to Over 3-Year Low
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.
2019-12-18
UK Producer Inflation Lower than Expected
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.
2019-11-13

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. .