Factory gate prices of goods produced by the UK manufacturers dropped 0.8 percent year-on-year in June 2020, following a downwardly revised 1.2 percent fall in the previous month and compared with market expectations of a 1.1 percent decrease. It was the third consecutive decline in factory prices, amid the gradual reopening of workplaces and premises as a result of the lifting of the government coronavirus lockdown restrictions. Of the 10 product groups, four provided negative contributions to the output annual rate, of which petroleum (-20.5 percent), chemicals & pharmaceuticals (-1.6 percent), paper & printing (-0.4 percent) and other manufactured products (-0.2 percent). On a monthly basis, producer prices went up 0.3 percent, the most since July last year, after falling a downwardly revised 0.2 percent in May.

Producer Prices Change in the United Kingdom averaged 4.96 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. United Kingdom Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Office for National Statistics

Producer Prices Change in the United Kingdom is expected to be -1.20 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 1.20 in 12 months time. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 1.60 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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United Kingdom Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -1.20 27.80 -1.90 1964 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-22 06:00 AM PPI Output YoY Mar 0.3% 0.5% -0.1% 0.0%
2020-05-20 06:00 AM PPI Output YoY Apr -0.7% 0.3% -0.4% -0.5%
2020-06-17 06:00 AM PPI Output YoY May -1.4% -0.7% -0.9% -1%
2020-07-15 06:00 AM PPI Output YoY Jun -0.8% -1.2% -1.1% -1.3%
2020-08-19 06:00 AM PPI Output YoY Jul -0.8%
2020-09-16 06:00 AM PPI Output YoY Aug
2020-10-21 06:00 AM PPI Output YoY Sep -1.2%
2020-11-18 07:00 AM PPI Output YoY Oct


News Stream
UK Producer Prices Fall Less Than Expected
Factory gate prices of goods produced by the UK manufacturers dropped 0.8 percent year-on-year in June 2020, following a downwardly revised 1.2 percent fall in the previous month and compared with market expectations of a 1.1 percent decrease. It was the third consecutive decline in factory prices, amid the gradual reopening of workplaces and premises as a result of the lifting of the government coronavirus lockdown restrictions. Of the 10 product groups, four provided negative contributions to the output annual rate, of which petroleum (-20.5 percent), chemicals & pharmaceuticals (-1.6 percent), paper & printing (-0.4 percent) and other manufactured products (-0.2 percent). On a monthly basis, producer prices went up 0.3 percent, the most since July last year, after falling a downwardly revised 0.2 percent in May.
2020-07-15
UK Producer Prices Fall the Most since 2015
Factory gate prices of goods produced by the UK manufacturers fell 1.4 percent year-on-year in May of 2020, more than market expectations of a 0.9 percent drop. It is the biggest fall in factory prices since December of 2015, due to the closure of workplaces and premises amid government restrictions to contain the coronavirus pandemic. Petroleum provided the largest downward contribution (-26.8 percent), the biggest drop ever, driven by diesel and gas oil. Chemicals and pharmaceuticals displayed the second-largest downward contribution (1.5 percent), followed by paper and printing (-0.6 percent) and other manufactured goods (-0.1 percent). In contrast, biggest upward contribution came from prices of tobacco and alcohol (3.8 percent). On a monthly basis, producer prices declined 0.3 percent, after a 0.8 percent drop in April.
2020-06-17
UK Records Output Price Deflation for 1st Time in 4 Years
Factory gate prices of goods produced by the UK manufacturers fell 0.7 percent year-on-year in April of 2020, more than market expectations of a 0.4 percent drop. It is the first fall in factory prices since June of 2016 and the highest since March of 2016, with petroleum products making the largest downward contribution ( prices down 20.2 percent) as international oil prices plunged to historical low levels during the month of April. Other downward pressure came from chemicals and pharmaceuticals (-1.8 percent). On a monthly basis, the rate of output inflation was negative 0.7 percent. Regarding the coronavirus impact on factory gate prices, the closure of workplaces and premises during April has led to the response rate being lower at 66.9 percent compared with 80.5 percent in February 2020.
2020-05-20
UK Producer Inflation Slows to Over 3-1/2-Year Low
Factory gate prices of goods produced by the UK manufacturers rose 0.3 percent year-on-year in March 2020, easing from an upwardly revised 0.5 percent increase in the previous month and above market expectations of a 0.1 percent fall. It was the lowest producer inflation rate since July 2016, with main negative contributions coming from petroleum products (prices down by 6.6 percent) due to reduced global demand for crude oil amid the coronavirus pandemic and OPEC+ failing to agree to cut supply; chemicals and pharmaceuticals (-1.8 percent) and paper and printing (-0.6 percent). On the other hand, main upward contributions came from cost of transport equipment (1.9 percent), metal, machinery and equipment (1.8 percent), and other manufactured products (1.3 percent). On a monthly basis, output prices went down 0.2 percent, the same as in the prior month.
2020-04-22

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. .