The headline rate of output prices in the United Kingdom rose to 8.0 percent year-on-year in October 2021, accelerating from an upwardly revised 7.0 percent in the previous month and compared with market expectations of 7.3 percent. It was the highest output producer inflation since October of 2008, primarily driven by crude oil prices, which added 0.49 percentage points to the change in the rate, with annual price growth of 83.3 percent. The second largest contribution came from food products at 0.24 percentage points, with an annual growth rate of 4.0 percent, driven by preserved meat and meat products for the domestic market. On a monthly basis, input producer prices advanced by 1.1 percent in October, quickening from an upwardly revised 0.7 percent gain in September and also beat analyst forecasts of a 0.8 percent rise. 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 December of 2021.

Producer Prices Change in the United Kingdom is expected to be 8.40 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 2.30 percent in 2022 and 1.90 percent in 2023, according to our econometric models.

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United Kingdom Producer Prices Change


Calendar GMT Actual Previous Consensus TEForecast
2021-10-20 06:00 AM Sep 6.7% 6.0% 6.8% 6.7%
2021-11-17 07:00 AM Oct 8% 7% 7.3% 7%
2021-12-15 07:00 AM Nov 8%


Related Last Previous Unit Reference
Inflation Rate 4.20 3.10 percent Oct/21
Inflation Rate Mom 1.10 0.30 percent Oct/21
Consumer Price Index CPI 113.60 112.40 points Oct/21
Harmonised Consumer Prices 113.64 112.42 points Oct/21
Core Inflation Rate 3.40 2.90 percent Oct/21
Core Consumer Prices 113.70 112.90 points Oct/21
GDP Deflator 105.91 105.72 points Sep/21
Producer Prices Change 8.00 6.70 percent Oct/21
Export Prices 113.40 113.10 points Apr/18
Import Prices 111.40 111.30 points Apr/18
Food Inflation 1.20 0.80 percent Oct/21
Producer Price Inflation MoM 1.10 0.70 percent Oct/21
Retail Price Index 6.00 4.90 percent Oct/21
Producer Prices 116.60 115.00 points Oct/21
CPI Transportation 124.30 122.40 points Oct/21
CPI Housing Utilities 111.80 108.40 points Oct/21
Core Producer Prices 117.60 116.70 points Oct/21

News Stream
UK Producer Inflation at 13-Year High
The headline rate of output prices in the United Kingdom rose to 8.0 percent year-on-year in October 2021, accelerating from an upwardly revised 7.0 percent in the previous month and compared with market expectations of 7.3 percent. It was the highest output producer inflation since October of 2008, primarily driven by crude oil prices, which added 0.49 percentage points to the change in the rate, with annual price growth of 83.3 percent. The second largest contribution came from food products at 0.24 percentage points, with an annual growth rate of 4.0 percent, driven by preserved meat and meat products for the domestic market. On a monthly basis, input producer prices advanced by 1.1 percent in October, quickening from an upwardly revised 0.7 percent gain in September and also beat analyst forecasts of a 0.8 percent rise.
2021-11-17
UK Producer Price Inflation Hits Decade-High
The annual rate of output inflation in the United Kingdom increased to 6.7 percent in September 2021, the highest rate since November 2011 and broadly in line with market expectations of 6.8 percent. Of the 10 product groups, eight displayed upward contributions to the change in the rate, with petroleum products providing the largest, at 0.33 percentage points. Cost for petroleum products jumped by 61.7 percent, mainly driven by coke and refined petroleum products for domestic market. Additional upward pressure came from metal machinery and equipment, transport equipment, food products, and paper and printing. Meanwhile, input price inflation accelerated to 11.4 percent in September, on the back of higher prices for metals and non-metallic minerals, such as basic iron and steel, and of ferro-alloys for domestic market.
2021-10-20
UK Producer Price Inflation at Near Decade High
Output prices in the UK hiked 5.9 percent year-on-year in August of 2021, the biggest increase since November of 2011 and above market forecasts of a 5.4 percent rise. Despite showing negative annual growth (-1.9 percent), transport equipment provided the largest upward contribution because of the weight changes implemented as part of the move to annual chain-linking. Producer price inflation also received strong support from costs of metal, machinery and equipment (10.2 percent), other manufactured products (6.0 percent), petroleum (50.4 percent), and food products (2.3 percent). On a monthly basis, producer prices advanced 0.7 percent in August, following an upwardly revised 0.8 percent in July.
2021-09-15

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. .