Factory gate prices of goods produced by the UK manufacturers dropped 0.2 percent year-on-year in January 2021, the least since last March and compared with market expectations of a 0.4 percent fall. Petroleum prices fell for a 12th consecutive month (-22.2 percent) driven by refined petroleum products for the domestic market. Also, both paper & printing and tobacco and alcohol prices declined 0.1 percent, each. On the other hand, the largest upward contribution came chemical and pharmaceutical products (2.1 percent). On a monthly basis, producer prices rose 0.4 percent, accelerating from a downwardly revised 0.2 percent gain in the prior month and beating market expectations of a 0.2 percent growth. source: Office for National Statistics

Producer Prices Change in the United Kingdom averaged 4.96 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 February of 2021.

Producer Prices Change in the United Kingdom is expected to be 0.40 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 1.60 in 12 months time. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 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
-0.20 -0.50 27.80 -7.30 1964 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-18 07:00 AM PPI Output YoY Oct -1.4% -1.7% -0.7% -0.6%
2020-12-16 07:00 AM PPI Output YoY Nov -0.8% -1.4% -0.9% -0.8%
2021-01-20 07:00 AM PPI Output YoY Dec -0.4% -0.6% -0.6% -0.7%
2021-02-17 07:00 AM PPI Output YoY Jan -0.2% -0.5% -0.4% -0.4%
2021-03-24 07:00 AM PPI Output YoY Feb -0.2% 0.2%
2021-04-21 06:00 AM PPI Output YoY Mar
2021-05-19 06:00 AM PPI Output YoY Apr
2021-06-16 06:00 AM PPI Output YoY May


News Stream
UK Producer Prices Fall the Least in 10 Months
Factory gate prices of goods produced by the UK manufacturers dropped 0.2 percent year-on-year in January 2021, the least since last March and compared with market expectations of a 0.4 percent fall. Petroleum prices fell for a 12th consecutive month (-22.2 percent) driven by refined petroleum products for the domestic market. Also, both paper & printing and tobacco and alcohol prices declined 0.1 percent, each. On the other hand, the largest upward contribution came chemical and pharmaceutical products (2.1 percent). On a monthly basis, producer prices rose 0.4 percent, accelerating from a downwardly revised 0.2 percent gain in the prior month and beating market expectations of a 0.2 percent growth.
2021-02-17
UK Producer Prices Drop Less than Expected
Factory gate prices of goods produced by the UK manufacturers fell 0.4 percent year-on-year in December 2020, the least since last March and compared with market expectations of a 0.6 percent drop. Cost for petroleum for an 11th consecutive month (-26.6 percent) driven by refined petroleum products for the domestic market. Also, paper & printing prices declined 0.4 percent. On the other hand, the largest upward contribution came other manufactured products (1.9 percent). On a monthly basis, producer prices were up 0.3 percent, unchanged from a revised figure in the prior month and compared with market expectations of a 0.2 percent growth.
2021-01-20
UK Producer Prices Fall the Least in 8 Months
Factory gate prices of goods produced by the UK manufacturers fell 0.8 percent year-on-year in November 2020, after a 1.4 percent drop in the previous month and better than market expectations of a 0.9 percent decrease. It was the ninth consecutive month of decline in factory prices, but the smallest pace since March, due to a fall in cost of petroleum (-31.3 percent), dragged by refined petroleum products for the domestic market. Other downward contributions came from paper & printing (-0.5 percent). Meanwhile, the largest upward contribution came from tobacco and alcohol (2.8 percent) and other manufactured products (1.7 percent). On a monthly basis, producer prices rose 0.2 percent, after a flat reading in October and compared with market expectations of a 0.1 percent gain.
2020-12-16
UK Producer Prices Fall More than Expected
Factory gate prices of goods produced by the UK manufacturers dropped 1.4 percent year-on-year in October 2020, after an upwardly revised 1.7 percent fall in the previous month and worse than market expectations of a 0.7 percent decline. It was the eighth consecutive month of decline in factory prices, due to a fall in cost of petroleum (-35.7 percent), dragged by petroleum products for the domestic market. Other downward contributions came from chemicals & pharmaceuticals (-0.5 percent), paper & printing (-0.4 percent). Meanwhile, the largest upward contribution came from tobacco and alcohol (2.8 percent) and other manufactured products (1.5 percent). On a monthly basis, producer prices were unchanged, after a 0.1 percent drop in September and compared with market expectations of a 0.1 percent growth.
2020-11-18

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. .