Factory gate prices of goods produced by the UK manufacturers rose 0.9% year-on-year in December 2019, up from a 0.5% increase in November and matching market expectations. This is the first time the rate has picked up since July 2019, mainly driven by prices of transport equipment (1.7% vs 1.6% in November); petroleum products (0.1% vs -5 percent); computer, electrical & optical products (1.4% vs 1.9%); tobacco & alcohol (1.2% vs 0.8%); clothing, textiles & leather (1.1% vs 1%); metals, machinery & equipment (1.7% vs 2.1%) and food (0.7% vs 0.5%). On a monthly basis, output prices were flat, after dropping 0.2 percent in the prior month and compared with market estimates of a 0.1 percent gain. In addition, prices for materials and fuels paid by the UK manufacturers for processing (input prices) edged down 0.1%, following a downwardly revised 1.9% decrease in November and more than an expected 0.8% fall.

Producer Prices Change in the United Kingdom averaged 5 percent from 1964 until 2019, reaching an all time high of 27.80 percent in January of 1975 and a record low of -1.90 percent in August of 2015. 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. source: Office for National Statistics

Producer Prices Change in the United Kingdom is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in the United Kingdom to stand at 1.40 in 12 months time. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 1.90 percent in 2020, according to our econometric models.


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United Kingdom Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.50 27.80 -1.90 1964 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-16 08:30 AM Sep 1.2% 1.7% 1.3% 1.6%
2019-11-13 09:30 AM Oct 0.8% 1.2% 0.9% 0.7%
2019-12-18 09:30 AM Nov 0.5% 0.8% 0.8% 0.6%
2020-01-15 09:30 AM Dec 0.9% 0.5% 0.9% 1%
2020-02-19 09:30 AM Jan 0.9% 1.1%


News Stream
2019-12-18
UK Producer Inflation Rate Slows to Over 3-Year Low
Factory gate prices of goods produced by the UK manufacturers rose 0.5% year-on-year in November, slowing from a 0.8% gain in October and below market forecasts of a 0.8% increase. It was the lowest producer inflation rate since July 2016, as prices eased for food products (0.5% vs 0.8% in October); clothing, textile & leather (1% vs 1.4%); paper & printing (0.5% vs 1%); metal, machinery & equipment (2.1% vs 2.7%) and other manufactured products (1.1% vs 1.5%). Also, cost of tobacco & alcohol slowed (0.8% vs 2.4%), despite showing no movement between October 2019 and November 2019, tobacco and alcohol increased 1.5% between the same period last year because of the rise in Tobacco Duty introduced in November 2018. On a monthly basis, output prices went down 0.2%, after declining 0.1% in the prior month. In addition, prices for materials and fuels paid by the UK manufacturers for processing (input prices) fell 2.7%, following a 5% decrease in October.

2019-11-13
UK Producer Inflation Lower than Expected
Factory gate prices of goods produced by the UK manufacturers increased 0.8% year-on-year in October 2019, easing from a 1.2% rise in the previous month and below market expectations of 0.9%. It is the lowest producer inflation since August 2016, as prices slowed for wearing apparel (1.1% vs 2.9% in September); leather and related products (0.1% vs 0.5%); wood and products of wood and cork, except furniture (0.7% vs 1.6%); paper and paper products (0.7% vs 1.3%); rubber and plastic products (1.5% vs 1.8%). Cost continued to fall for coke and refined petroleum products, including duty (-2.5% vs -2.7%) and chemicals and chemical products (-2.8% vs -2.3%). On a monthly basis, output prices edged down 0.1%, the same as in the previous month. Additionally, prices for materials and fuels paid by the UK manufacturers for processing (input prices) dropped 5.1% year-on-year, following a 3% decline in the prior month, the third straight monthly fall and the steepest since April 2016.

2019-10-16
UK Producer Inflation at 3-Year Low of 1.2%
Factory gate prices of goods produced by the UK manufacturers increased 1.2% from a year earlier in September 2019, easing from an upwardly revised 1.7% rise in the previous month and below market expectations of 1.3%. It is the lowest producer inflation since September 2016, as cost slowed for food (0.5% vs 1.6% in August); computer, electronic & optical products (1.8% vs 2.3%); electrical equipment (1.6% vs 2.5%); wood & products of wood, cork (1.8% vs 2%); rubber & plastic (1.8% vs 2%) and leather & related (0.5% vs 0.6%). Also, prices fell further for coke and refined petroleum products (-3.5% vs -1.5%) and chemicals (-2% vs -0.7%). Prices for materials and fuels paid by the UK manufacturers for processing (input prices) declined 2.8%, faster than an upwardly revised 0.9% fall in August and compared with market expectations of a 1.8% drop. On a monthly basis, output prices edged down 0.1%, after showing no growth in the previous month and against market estimates of a 0.1% gain.

2019-09-18
UK Producer Inflation Slows More than Expected
Factory gate prices of goods produced by the UK manufacturers increased 1.6% from a year earlier in August of 2019, easing from an upwardly revised 1.9% rise in the previous month and below market expectations of a 1.7% gain. Cost slowed for wood & products of wood and cork (2% vs 2.7% in July); computer, electronic & optical products (2.3% vs 3.4%); electrical equipment (2.5% vs 2.6%); furniture (0.2% vs 0.3%) and food (1.5% vs 2.1%). Also, prices fell further for coke & refined petroleum products (-1.8% vs -0.4%); chemicals (-0.8% vs -0.4%) and basic pharmaceutical products (-0.4% vs -0.1%). Prices for materials and fuels paid by the UK manufacturers for processing (input prices) declined 0.8%, after a downwardly revised 0.9% increase in July and compared with market consensus of a 0.5% decrease. On a monthly basis, output prices edged down 0.1%, after increasing 0.3% in the previous month and against market estimates of a 0.2% gain.

2019-08-14
UK Producer Inflation Ticks Up to 1.8% in July
Factory gate prices of goods produced by the UK manufacturers increased 1.8% from a year earlier in July 2019, up from a 1.6% rise in the prior month and slightly above market expectations of a 1.8% gain. Prices rose mostly for computer, electrical and optical products (3.3% vs 2.6% in June) and transport equipment (3%vs 2%). Meanwhile, cost decreased for petroleum products (-0.6 percent vs -2.4%) and chemicals and pharmaceuticals (-0.4 percent vs 0.2%). Prices for materials and fuels paid by the UK manufacturers for processing (input prices) rose 1.3%, following a revised 0.3% increase in the previous month, largely driven by fuels (10.2%). On a monthly basis, output prices went up 0.3%, after dropping 0.1% in the previous month and beating market estimates of a 0.1% gain.

2019-07-17
UK Producer Inflation at 33-Month Low of 1.6%
Factory gate prices of goods produced by the UK manufacturers increased 1.6% year-on-year in June of 2019, easing from an upwardly revised 1.9% rise in the prior month and slightly below market expectations of 1.7%. It is the lowest producer inflation since September of 2016, as cost slowed for wood & products of wood and cork (3.1% from 3.2% in May); paper & paper products (0.9% from 2.1%); chemicals (0.5% from 0.8%); basic metals (0.2% from 1.4%); computer, electronic & optical products (2.9% from 3%) and machinery & equipment (1.3% from 1.5%). Also, prices fell for coke & refined petroleum products (-2.4% from 0.9%), mainly diesel and gas oil (-3.6%); leather & related products (-3.5% from 0.3%) and basic pharmaceutical products (-0.2% from 2.8%). Prices for materials and fuels paid by the UK manufacturers for processing (input prices) went down 0.3 percent in June, the first fall since June 2016 driven by a large downward contribution from crude oil.


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. .

United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.50 8.50 -0.10 percent [+]
Inflation Rate Mom 0.00 0.20 3.37 -0.94 percent [+]
Consumer Price Index CPI 108.50 108.50 108.50 48.40 points [+]
Harmonised Consumer Prices 108.50 108.55 108.55 48.40 points [+]
Core Consumer Prices 108.60 108.60 108.60 72.90 points [+]
Core Inflation Rate 1.40 1.70 3.70 -0.10 percent [+]
GDP Deflator 106.53 106.19 106.53 4.16 points [+]
Producer Prices Change 0.90 0.50 27.80 -1.90 percent [+]
Food Inflation 1.70 2.10 13.00 -3.30 percent [+]
Inflation Expectations 2.30 2.60 4.60 0.80 percent [+]
Producer Prices 115.80 115.80 116.20 8.10 points [+]
Retail Price Index 2.20 2.20 26.90 -1.60 percent [+]
Core Producer Prices 114.40 114.50 114.80 89.80 points [+]
CPI Housing Utilities 106.20 106.20 107.20 31.70 points [+]
CPI Transportation 112.10 111.40 114.90 40.40 points [+]