Factory gate prices of goods produced by the UK manufacturers increased 16.5 percent year-on-year in June of 2022, accelerating from an upwardly revised 15.8 percent in May and beating market expectations of 16 percent, pointing to the highest producer inflation since June 1980. Upward pressure came from nine out of 10 product groups, with food products providing the largest upward contribution of 4.13 percentage points to the annual rate and had annual price growth of 12.3%, the highest since September 2008 mainly driven by preserved meat and meat products for the domestic market. Meanwhile, cost of petroleum products soared by 86.1 percent, after an 84.4 percent jump in May. Despite providing a downward contribution to the annual rate, tobacco and alcohol products climbed by 3.4 percent. On a monthly basis, output producer prices were up 1.4 percent, the least in four months, and compared to market forecasts of a 1.1 percent gain. source: Office for National Statistics

Producer Prices Change in the United Kingdom averaged 5.04 percent from 1964 until 2022, reaching an all time high of 27.80 percent in January of 1975 and a record low of -7.30 percent in July of 2009. 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 2022.

Producer Prices Change in the United Kingdom is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 2.50 percent in 2023 and 2.30 percent in 2024, according to our econometric models.

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United Kingdom Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-06-22 06:00 AM May 15.7% 14.7% 14.7% 15%
2022-07-20 06:00 AM Jun 16.5% 15.8% 16% 16.3%
2022-08-17 06:00 AM Jul 16.5% 16.2% 16.3%


Related Last Previous Unit Reference
Inflation Rate 9.40 9.10 percent Jun 2022
Inflation Rate Mom 0.80 0.70 percent Jun 2022
Harmonised Consumer Prices 121.79 120.80 points Jun 2022
Consumer Price Index CPI 121.80 120.80 points Jun 2022
Core Inflation Rate 5.80 5.90 percent Jun 2022
Core Consumer Prices 118.20 117.70 points Jun 2022
GDP Deflator 110.35 109.12 points Jun 2022
Producer Prices Change 16.50 15.70 percent Jun 2022
Export Prices 113.40 113.10 points Apr 2018
Import Prices 111.40 111.30 points Apr 2018
Food Inflation 9.80 8.60 percent Jun 2022
Producer Price Inflation MoM 1.40 1.60 percent Jun 2022
Retail Price Index 11.80 11.70 percent Jun 2022
Producer Prices 131.30 129.50 points Jun 2022
CPI Transportation 136.90 133.80 points Jun 2022
CPI Housing Utilities 129.00 128.60 points Jun 2022
Core Producer Prices 130.80 129.50 points Jun 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
16.50 15.70 27.80 -7.30 1964 - 2022 percent Monthly

News Stream
UK Producer Prices Rise the Most in 42 Years
Factory gate prices of goods produced by the UK manufacturers increased 16.5 percent year-on-year in June of 2022, accelerating from an upwardly revised 15.8 percent in May and beating market expectations of 16 percent, pointing to the highest producer inflation since June 1980. Upward pressure came from nine out of 10 product groups, with food products providing the largest upward contribution of 4.13 percentage points to the annual rate and had annual price growth of 12.3%, the highest since September 2008 mainly driven by preserved meat and meat products for the domestic market. Meanwhile, cost of petroleum products soared by 86.1 percent, after an 84.4 percent jump in May. Despite providing a downward contribution to the annual rate, tobacco and alcohol products climbed by 3.4 percent. On a monthly basis, output producer prices were up 1.4 percent, the least in four months, and compared to market forecasts of a 1.1 percent gain.
2022-07-20
UK Producer Inflation Highest Since 1980
Factory gate prices of goods produced by the UK manufacturers jumped 15.7 percent year-on-year in May of 2022, accelerating from an upwardly revised 14.7 percent in April and beating market expectations of 14.7 percent, pointing to the highest producer inflation since June 1980. Upward pressure came from nine out of 10 product groups, with food products providing the largest upward contribution of 3.47 percentage points to the annual rate and had annual price growth of 10.4%, the highest since September 2008 mainly driven by preserved meat and meat products for the domestic market. Meanwhile, cost of petroleum products surged by 84.4 percent, after an 85.1 percent jump in April. Despite providing a downward contribution to the annual rate, tobacco and alcohol products rose by 4.4 percent. On a monthly basis, output producer prices were up 1.6 percent, above market forecasts of a 1.5 percent gain.
2022-06-22
UK Producer Inflation Highest Since 2008
Factory gate prices of goods produced by the UK manufacturers surged 14 percent year-on-year in April of 2022, accelerating from 11.9 percent in March and beating market expectations of 12.5 percent. It was the highest producer inflation since July 2008. Upward pressure came from nine out of the 10 product groups, with food products providing the largest upward contribution of 3.05 percentage points to the annual rate and had annual price growth of 8.8%, the highest since September 2011 mainly driven by preserved meat and meat products for domestic market. Also, petroleum products increased by 25.7 percentage points from 59.4% in March 2022 to 85.1% in April 2022. On the other hand, tobacco and alcohol products showed a downward contribution, as a result of the reduction in weight between 2021 and 2022. On a monthly basis, output producer prices rose 2.3 percent, the most since May 2008, and above market forecasts of a 1% gain.
2022-05-18