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. 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 October of 2021.
Producer Prices Change in the United Kingdom is expected to be 5.40 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.