The headline rate of input prices in the United Kingdom rose to 13.0 percent year-on-year in October 2021, accelerating from an upwardly revised 11.9 percent in the previous month and compared with market expectations of 12.1 percent. Crude oil displayed the largest upward contribution to the change in the rate, at 0.87 percentage points, with annual price growth of 88.0 percent, underpinned by low base year effects. This is the second time the annual rate has picked up for this product group since April 2021. On a monthly basis, input producer prices advanced by 1.4 percent in October, quickening from an upwardly revised 0.8 percent gain in September and also beat analyst forecasts of a 1.1 percent rise. source: Office for National Statistics
Input Producer Prices in the United Kingdom averaged 88.89 points from 1996 until 2021, reaching an all time high of 127.50 points in October of 2021 and a record low of 60.70 points in February of 1999. This page includes a chart with historical data for the United Kingdom Input Producer Prices. United Kingdom Input Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.