Factory gate prices of goods produced by the UK manufacturers dropped 0.3 percent in December of 2018, after a downwardly revised 0.1 percent increase in November and against market expectations of a 0.1 percent rise. Producer Prices in the United Kingdom averaged 60.38 Index Points from 1963 until 2018, reaching an all time high of 115.20 Index Points in November of 2018 and a record low of 8.10 Index Points in February of 1963.
Producer Prices in the United Kingdom is expected to be 115.24 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in the United Kingdom to stand at 127.00 in 12 months time. In the long-term, the United Kingdom Producer Prices is projected to trend around 123.26 Index Points in 2020, according to our econometric models.