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. 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 September of 2021.

Producer Prices Change in the United Kingdom is expected to be 6.70 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

Actual Previous Highest Lowest Dates Unit Frequency
5.90 4.90 27.80 -7.30 1964 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-16 06:00 AM May 4.6% 4.0% 4.5% 4.4%
2021-07-14 06:00 AM Jun 4.3% 4.4% 4.8% 4.7%
2021-08-18 06:00 AM Jul 4.9% 4.5% 4.4% 4.4%
2021-09-15 06:00 AM Aug 5.9% 5.1% 5.4% 5.4%
2021-10-20 06:00 AM Sep 5.9% 6.7%
2021-11-17 07:00 AM Oct
2021-12-15 07:00 AM Nov


News Stream
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
UK Producer Inflation Highest since 2011
Output prices in the UK were up 4.9% year-on-year in July of 2021, the biggest increase since December of 2011 and above market forecasts of a 4.4% rise. Despite showing negative annual growth (-2.3%), transport equipment provided the largest upward contribution because of the weight changes implemented as part of the move to annual chain-linking. Cost of metal, machinery and equipment increased 8.1%, petroleum 46.6%, food 2.2% and tobacco and alcohol 3.5%. On the month, the rate of input inflation was 0.8% in July, up from 0.5% in June.
2021-08-18
UK Producer Inflation Eases for 1st Time in a Year
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.
2021-07-14
UK Producer Prices Rise the Most Since 2012
Factory gate prices of goods produced by the UK manufacturers advanced 4.6 percent year-on-year in May 2021, the most since January 2012 and beating market expectations of a 4.5 percent rise. Transport Equipment provided the largest upward contribution of 1.80 percentage points to the annual rate (prices up 0.3%), followed by metal, machinery and equipment (5.1%), petroleum (67.0%), other manufactured products (2.4%),food products (3.1%), tobacco and alcohol (0.9%), and computers, electrical and optical (1.7%). Petroleum products had the highest annual growth rate of any component of output prices (67.0%), driven by a base effect as there was only a relatively small price movement of 3.3 percent on the month. In May 2020, prices for petroleum products dropped by 6.1 percent as there was a fall in demand in the market. On a monthly basis, producer prices grew 0.5 percent in May, above forecasts of a 0.4 percent gain.
2021-06-16

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. .