Factory gate prices of goods produced by UK manufacturers eased sharply to 5.4% year-on-year in April 2023 from a downwardly revised 8.5% in the previous month. It marked the lowest annual rate since July 2021, due mainly to the further decline in prices of petroleum products (-23.8% vs -11.6% in March), which provided the largest negative contribution of 1.21 percentage points. In addition, producer inflation slowed for most product groups, particularly food products (14% vs 15.5%), metal, machinery & equipment (5.9% vs 9.3%) and chemical & pharmaceutical (3.2% vs 7.3%). On a monthly basis, output producer prices stalled for the second month, following a revised flat reading in March. source: Office for National Statistics

Producer Prices Change in the United Kingdom averaged 5.17 percent from 1964 until 2023, 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 June of 2023.

Producer Prices Change in the United Kingdom is expected to be 3.20 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
2023-04-19 06:00 AM Mar 8.7% 11.9% 8.6% 8.9%
2023-05-24 06:00 AM Apr 5.4% 8.5% 5.9%
2023-06-21 06:00 AM May 5.4% 4.1%


Related Last Previous Unit Reference
Inflation Rate 8.70 10.10 percent Apr 2023
Inflation Rate MoM 1.20 0.80 percent Apr 2023
Consumer Price Index CPI 130.43 128.87 points Apr 2023
Harmonised Consumer Prices 130.43 128.87 points Apr 2023
Core Inflation Rate 6.80 6.20 percent Apr 2023
Core Consumer Prices 125.07 123.47 points Apr 2023
GDP Deflator 115.63 114.63 points Mar 2023
Producer Prices Change 5.40 8.50 percent Apr 2023
Export Prices 113.40 113.10 points Apr 2018
Import Prices 111.40 111.30 points Apr 2018
Food Inflation 19.00 19.10 percent Apr 2023
Producer Price Inflation MoM 0.00 0.00 percent Apr 2023
Retail Price Index 11.40 13.50 percent Apr 2023
Producer Prices 136.40 136.40 points Apr 2023
CPI Transportation 134.91 132.57 points Apr 2023
CPI Housing Utilities 144.08 142.81 points Apr 2023
Core Producer Prices 135.20 135.20 points Apr 2023

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
5.40 8.50 27.80 -7.30 1964 - 2023 percent Monthly

News Stream
UK Producer Inflation Hits 21-Month Low
Factory gate prices of goods produced by UK manufacturers eased sharply to 5.4% year-on-year in April 2023 from a downwardly revised 8.5% in the previous month. It marked the lowest annual rate since July 2021, due mainly to the further decline in prices of petroleum products (-23.8% vs -11.6% in March), which provided the largest negative contribution of 1.21 percentage points. In addition, producer inflation slowed for most product groups, particularly food products (14% vs 15.5%), metal, machinery & equipment (5.9% vs 9.3%) and chemical & pharmaceutical (3.2% vs 7.3%). On a monthly basis, output producer prices stalled for the second month, following a revised flat reading in March.
2023-05-24
UK Producer Inflation Lowest in 17 Months
Factory gate prices of goods produced by UK manufacturers slowed to 8.7% year-on-year in March 2023 from a downwardly revised 11.9% in the previous month and almost in line with market expectations of 8.6%. The latest figure was the lowest since October 2021 due to downward pressures from 9 of the 10 product groups. The largest negative contribution to the change came from petroleum products (1.81 percentage points), with an annual price decrease of 10.7% (vs 12.6% growth in February). On a monthly basis, output producer prices rose 0.1%, following an upwardly revised 0.4% fall in February and market forecasts of a 0.1% increase.
2023-04-19
UK Producer Inflation Eases to 12-Month Low
Factory gate prices of goods produced by UK manufacturers eased for the seventh month to 12.1% year-on-year in February 2023, from 13.5% in the previous month and slightly below market forecasts of 12.4%. It was the lowest reading since February 2022, as 6 of the 10 product groups showed downward trends, led by the negative contribution of petroleum products (0.79 percentage points). On a monthly basis, output producer prices decreased 0.3%, from a 0.5% growth in January, and missed market expectations of a 0.2% rise.
2023-03-22