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.