UK Producer Inflation Matches Forecasts in May

2026-06-17 06:06 By Chusnul Chotimah 1 min. read

Factory gate prices for UK-manufactured goods advanced 4.0% year-on-year in May 2026, in line with market expectations but slightly easing from an upwardly revised 4.1% rise in April, which was the highest reading since May 2023.

Almost all 10 product groups made upward contributions to the annual rate, led by a surge in prices of coke and refined petroleum products (55.6% vs 51.1% in April) amid higher energy costs.

Inflation also accelerated for other outputs from manufacturing (4.3% vs 3.1% in April) and basic metals, fabricated metal products and machinery (4.2% vs 4.1%).

Meanwhile, motor vehicles and other transport equipment provided the largest downward contribution, with prices falling 1.7% (vs 2.2% in April).

The decline was due to supply chain issues and other market factors.

Monthly, factory gate prices rose 0.5%, slowing from an upwardly revised 1.5% increase in April, matching market forecasts and marking the softest increase since February, when producer prices fell.



News Stream
UK Producer Inflation Matches Forecasts in May
Factory gate prices for UK-manufactured goods advanced 4.0% year-on-year in May 2026, in line with market expectations but slightly easing from an upwardly revised 4.1% rise in April, which was the highest reading since May 2023. Almost all 10 product groups made upward contributions to the annual rate, led by a surge in prices of coke and refined petroleum products (55.6% vs 51.1% in April) amid higher energy costs. Inflation also accelerated for other outputs from manufacturing (4.3% vs 3.1% in April) and basic metals, fabricated metal products and machinery (4.2% vs 4.1%). Meanwhile, motor vehicles and other transport equipment provided the largest downward contribution, with prices falling 1.7% (vs 2.2% in April). The decline was due to supply chain issues and other market factors. Monthly, factory gate prices rose 0.5%, slowing from an upwardly revised 1.5% increase in April, matching market forecasts and marking the softest increase since February, when producer prices fell.
2026-06-17
UK Producer Inflation Beats Forecasts
Factory gate prices for UK-manufactured goods increased 4.0% year-on-year in April 2026, more than market expectations of a 2.8% rise and accelerating from an upwardly revised 3.0% growth in March. This marked the highest reading since May 2023, as all 10 product groups made upward contributions to the annual rate, led by a surge in prices of coke and refined petroleum products (52.6% vs 23.7% in March) amid higher energy costs. Inflation also picked up for other manufacturing outputs (2.7% vs 2.6%) while remained steady for basic metals, fabricated metal products, and machinery (at 3.7%). Meanwhile, price growth slowed mainly for food products (0.5% vs 1.7%) and motor vehicles and other transport equipment (2.1% vs 2.4%). On a monthly basis, factory gate prices rose 1.4%, matching the pace recorded in March and topping market forecasts of a 1.0% increase.
2026-05-20
UK Producer Inflation Picks Up to 2.6%
Factory gate prices for UK-manufactured goods climbed 2.6% year-on-year in March 2026, accelerating from 1.8% in February and marking the highest reading in three months. Of the 10 categories, nine contributed positively to the annual rate, led by a strong rebound in coke and refined petroleum products (14.6% vs -7.9% in February), amid surging global energy costs. Inflation also picked up for motor vehicles and other transport equipment (2.1% vs 1.8%), while price growth for other manufacturing outputs eased slightly to 2.7% (vs 2.8%), though it remained a key contributor to upward pressures. Meanwhile, inflation eased for food products (1.6% vs 2.4%), chemicals and pharmaceutical preparations (0.1% vs 0.9%), and basic metals (3.5% vs 3.7%). On a monthly basis, factory gate prices rose 0.9%, rebounding from a 0.5% fall in February, below expectations of a 1% gain but marking the sharpest rise since October 2022.
2026-04-22