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.