Factory gate prices of goods produced by UK manufacturers increased by 14.7% year-on-year in December of 2022, the least since March and slowing from 16.2% in November. It was the fifth straight month the inflation slowed. Of the 10 product groups, four weighed down the growth rate, with petroleum equipment providing the largest downward contribution at negative 3.12 percentage points. On a monthly basis, output producer prices went down 0.8% in December, the biggest drop since April 2020, after a 0.1% decline in November, and below market forecasts of a 0.3% rise. source: Office for National Statistics

Producer Prices Change in the United Kingdom averaged 5.15 percent from 1964 until 2022, 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 2023.

Producer Prices Change in the United Kingdom is expected to be 11.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Producer Prices Change is projected to trend around 2.80 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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United Kingdom Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-11-16 07:00 AM Oct 14.8% 16.3% 14.6% 14.9%
2023-01-25 07:00 AM Dec 14.7% 16.2% 14.6%
2023-02-15 07:00 AM Jan 14.7% 12.4%


Related Last Previous Unit Reference
Inflation Rate 10.50 10.70 percent Dec 2022
Inflation Rate MoM 0.40 0.40 percent Dec 2022
Consumer Price Index CPI 127.16 126.69 points Dec 2022
Harmonised Consumer Prices 127.16 126.69 points Dec 2022
Core Inflation Rate 6.30 6.30 percent Dec 2022
Core Consumer Prices 122.05 121.39 points Dec 2022
GDP Deflator 112.42 110.27 points Sep 2022
Producer Prices Change 14.70 16.20 percent Dec 2022
Export Prices 113.40 113.10 points Apr 2018
Import Prices 111.40 111.30 points Apr 2018
Food Inflation 16.80 16.40 percent Dec 2022
Producer Price Inflation MoM -0.80 -0.10 percent Dec 2022
Retail Price Index 13.40 14.00 percent Dec 2022
Producer Prices 136.50 137.70 points Dec 2022
CPI Transportation 136.11 135.70 points Dec 2022
CPI Housing Utilities 141.91 141.75 points Dec 2022
Core Producer Prices 135.00 134.90 points Dec 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
14.70 16.20 27.80 -7.30 1964 - 2022 percent Monthly

News Stream
UK Producer Inflation at 9-Month Low
Factory gate prices of goods produced by UK manufacturers increased by 14.7% year-on-year in December of 2022, the least since March and slowing from 16.2% in November. It was the fifth straight month the inflation slowed. Of the 10 product groups, four weighed down the growth rate, with petroleum equipment providing the largest downward contribution at negative 3.12 percentage points. On a monthly basis, output producer prices went down 0.8% in December, the biggest drop since April 2020, after a 0.1% decline in November, and below market forecasts of a 0.3% rise.
2023-01-25
UK Producer Inflation at 6-Month Low
Factory gate prices of goods produced by UK manufacturers increased by 14.8% year-on-year in October of 2022, slowing from an upwardly revised 16.3% rise in September, compared with market expectations of 14.6%. The latest reading pointed to the lowest producer inflation since April, easing for the third straight month. Of the 10 product groups, six weighed down the growth rate, with petroleum equipment providing the largest downward contribution to the growth rate, shedding by 0.82 percentage points. On a monthly basis, output producer prices went up 0.3% in October, the same pace as an upwardly revised figure in September, below market forecasts of 0.5%.
2022-11-16
UK Producer Inflation Eases to 4-Month Low
Factory gate prices of goods produced by the UK manufacturers climbed 15.9% year-on-year in September of 2022, slowing from an upwardly revised 16.4% rise in August, compared to market expectations of a 15.7% growth, and pointing to the lowest producer inflation since May. This was the second straight month that the annual rate of output has eased, following a record high of 17% in July 2022. Of the 10 product groups, three showed downward contributions to the change in the rate, with petroleum equipment providing the largest, at negative 0.74 percentage points. On a monthly basis, output producer prices went up 0.2%, after a revised 0.1% rise in August, and below market forecasts of a 0.3% gain.
2022-10-19