On a monthly basis, factory gate prices of goods produced by the UK manufacturers rose 0.3 percent in October 2018, following a 0.4 percent gain in the prior month, but exceeding market expectations of a 0.2 percent increase. Producer Prices in the United Kingdom averaged 60.21 Index Points from 1963 until 2018, reaching an all time high of 115.10 Index Points in October of 2018 and a record low of 8.10 Index Points in February of 1963.
Producer Prices in the United Kingdom is expected to be 122.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in the United Kingdom to stand at 117.24 in 12 months time. In the long-term, the United Kingdom Producer Prices is projected to trend around 134.00 Index Points in 2020, according to our econometric models.