Factory gate prices of goods produced by the UK manufacturers advanced 4.3 percent year-on-year in June 2021, easing from a downwardly revised 4.4 percent rise in the previous month and below market expectations of 4.8 percent. This was the first time the annual rate of output has slowed since May 2020, as cost for petroleum products rose at a softer pace (52.3 percent vs 68.4 percent in May). Prices also slowed for food products and other manufactured products. Meanwhile, main upward pressure came from metal, machinery and equipment (6.2 percent), tobacco and alcohol, excluding duty (3.7 percent), and paper and printing (3.2 percent). On a monthly basis, producer prices advanced 0.4 percent in June, below forecasts of a 0.6 percent gain. source: Office for National Statistics
Producer Prices Change in the United Kingdom averaged 4.95 percent from 1964 until 2021, 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 July of 2021.
Producer Prices Change in the United Kingdom is expected to be 7.00 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 1.80 in 12 months time. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 2.30 percent in 2022 and 1.90 percent in 2023, according to our econometric models.