Factory gate prices of goods produced by the UK manufacturers fell 0.7 percent year-on-year in April of 2020, more than market expectations of a 0.4 percent drop. It is the first fall in factory prices since June of 2016 and the highest since March of 2016, with petroleum products making the largest downward contribution ( prices down 20.2 percent) as international oil prices plunged to historical low levels during the month of April. Other downward pressure came from chemicals and pharmaceuticals (-1.8 percent). On a monthly basis, the rate of output inflation was negative 0.7 percent. Regarding the coronavirus impact on factory gate prices, the closure of workplaces and premises during April has led to the response rate being lower at 66.9 percent compared with 80.5 percent in February 2020.

Producer Prices Change in the United Kingdom averaged 4.97 percent from 1964 until 2020, 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. United Kingdom Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Office for National Statistics

Producer Prices Change in the United Kingdom is expected to be 1.20 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 1.80 in 12 months time. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 2.20 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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United Kingdom Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 0.30 27.80 -1.90 1964 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-19 09:30 AM PPI Output YoY Jan 1.1% 0.9% 1% 1.1%
2020-03-25 07:00 AM PPI Output YoY Feb 0.4% 1% 0.9% 1%
2020-04-22 06:00 AM PPI Output YoY Mar 0.3% 0.5% -0.1% 0.0%
2020-05-20 06:00 AM PPI Output YoY Apr -0.7% 0.3% -0.4% -0.5%
2020-06-17 06:00 AM PPI Output YoY May
2020-07-15 06:00 AM PPI Output YoY Jun 1.2%
2020-08-19 06:00 AM PPI Output YoY Jul
2020-09-16 06:00 AM PPI Output YoY Aug


News Stream
UK Records Output Price Deflation for 1st Time in 4 Years
Factory gate prices of goods produced by the UK manufacturers fell 0.7 percent year-on-year in April of 2020, more than market expectations of a 0.4 percent drop. It is the first fall in factory prices since June of 2016 and the highest since March of 2016, with petroleum products making the largest downward contribution ( prices down 20.2 percent) as international oil prices plunged to historical low levels during the month of April. Other downward pressure came from chemicals and pharmaceuticals (-1.8 percent). On a monthly basis, the rate of output inflation was negative 0.7 percent. Regarding the coronavirus impact on factory gate prices, the closure of workplaces and premises during April has led to the response rate being lower at 66.9 percent compared with 80.5 percent in February 2020.
2020-05-20
UK Producer Inflation Slows to Over 3-1/2-Year Low
Factory gate prices of goods produced by the UK manufacturers rose 0.3 percent year-on-year in March 2020, easing from an upwardly revised 0.5 percent increase in the previous month and above market expectations of a 0.1 percent fall. It was the lowest producer inflation rate since July 2016, with main negative contributions coming from petroleum products (prices down by 6.6 percent) due to reduced global demand for crude oil amid the coronavirus pandemic and OPEC+ failing to agree to cut supply; chemicals and pharmaceuticals (-1.8 percent) and paper and printing (-0.6 percent). On the other hand, main upward contributions came from cost of transport equipment (1.9 percent), metal, machinery and equipment (1.8 percent), and other manufactured products (1.3 percent). On a monthly basis, output prices went down 0.2 percent, the same as in the prior month.
2020-04-22
UK Producer Price Inflation Lowest since 2016
Factory gate prices of goods produced by the UK manufacturers increased 0.4 percent year-on-year in February of 2020, following a downwardly revised 1 percent rise in January and below market expectations of 0.9 percent. It is the lowest rate since July of 2016, with main negative contributions coming from chemicals and pharmaceuticals (prices down by 1.8 percent), petroleum and products (-0.9 percent) and paper and printing (-0.7 percent). In contrast, main upward contributions came from cost of transport equipment (1.3 percent) and food products (0.9 percent). On a monthly basis, output prices dropped 0.3 percent after a downwardly revised 0.2 percent gain.
2020-03-25
UK Producer Inflation Rises to 1.1% in January
Factory gate prices of goods produced by the UK manufacturers increased 1.1 percent year-on-year in January 2020, following a 0.9 percent rise in December and above market expectations of 1 percent. This is the first time the producer inflation rate has picked up for two consecutive months since October 2018, as cost of petroleum products rose at the fastest pace since November 2018 (4.9% vs 0.1% in December). Also, prices advanced further for computer, electrical & optical products (1.5% vs 1.4%); food (0.9% vs 0.7%); and other manufactured products (0.9% vs 0.7%). In contrast, prices slowed for transport equipment (0.9% vs 1.7%); tobacco & alcohol (1% vs 1.25); and clothing, textiles & leather (0.8% vs 1.1%). Additionally, cost of chemical & pharmaceutical continued to fall (-1.7% vs -1.5%). On a monthly basis, output prices went up 0.3 percent, after a flat reading in December and above forecasts of a 0.1 percent rise.
2020-02-19

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. .