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.