Factory gate prices of goods produced by the UK output prices decreased 0.1 percent from the previous month in June of 2019, down from a 0.3 percent rise in the previous month and missing market expectations of a 0.1 percent gain. It is the first fall since December of 2018. Producer Prices in the United Kingdom averaged 60.86 Index Points from 1963 until 2019, reaching an all time high of 115.80 Index Points in May of 2019 and a record low of 8.10 Index Points in February of 1963.
Producer Prices in the United Kingdom is expected to be 116.76 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 117.62 in 12 months time. In the long-term, the United Kingdom Producer Prices is projected to trend around 122.66 Index Points in 2020, according to our econometric models.