Factory gate prices of goods produced by the UK manufacturers increased 16.1% year-on-year in August of 2022, easing from a 17.1% in July and below market expectations of 17.4%. pointing to the lowest producer inflation since May. This is the first time the annual rate of output inflation has slowed since May 2020. Of the 10 product groups, six showed downward contributions to the change in the rate, with petroleum equipment providing the largest at negative 0.53 percentage points. On a monthly basis, output producer prices unexpectedly edged down 0.1%, the first monthly decline in 23 months, and missing market forecasts of a 0.9% gain. source: Office for National Statistics

Producer Prices Change in the United Kingdom averaged 5.07 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 October of 2022.

Producer Prices Change in the United Kingdom is expected to be 14.90 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 4.50 percent in 2023 and 2.30 percent in 2024, according to our econometric models.

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United Kingdom Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-08-17 06:00 AM Jul 17.1% 16.4% 16.2% 16.3%
2022-09-14 06:00 AM Aug 16.1% 17.1% 17.4% 17%
2022-10-19 06:00 AM Sep 16.1%


Related Last Previous Unit Reference
Inflation Rate 9.90 10.10 percent Aug 2022
Inflation Rate MoM 0.50 0.60 percent Aug 2022
Consumer Price Index CPI 123.15 122.54 points Aug 2022
Harmonised Consumer Prices 123.15 122.54 points Aug 2022
Core Inflation Rate 6.30 6.20 percent Aug 2022
Core Consumer Prices 119.49 118.56 points Aug 2022
GDP Deflator 110.35 109.12 points Jun 2022
Producer Prices Change 16.10 17.10 percent Aug 2022
Export Prices 113.40 113.10 points Apr 2018
Import Prices 111.40 111.30 points Apr 2018
Food Inflation 13.10 12.60 percent Aug 2022
Producer Price Inflation MoM -0.10 1.60 percent Aug 2022
Retail Price Index 12.30 12.30 percent Aug 2022
Producer Prices 133.10 133.30 points Aug 2022
CPI Transportation 137.44 139.18 points Aug 2022
CPI Housing Utilities 129.81 129.70 points Aug 2022
Core Producer Prices 132.00 131.80 points Aug 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
16.10 17.10 27.80 -7.30 1964 - 2022 percent Monthly

News Stream
UK Producer Prices Rise Less than Expected
Factory gate prices of goods produced by the UK manufacturers increased 16.1% year-on-year in August of 2022, easing from a 17.1% in July and below market expectations of 17.4%. pointing to the lowest producer inflation since May. This is the first time the annual rate of output inflation has slowed since May 2020. Of the 10 product groups, six showed downward contributions to the change in the rate, with petroleum equipment providing the largest at negative 0.53 percentage points. On a monthly basis, output producer prices unexpectedly edged down 0.1%, the first monthly decline in 23 months, and missing market forecasts of a 0.9% gain.
2022-09-14
UK Producer Inflation Highest in Over 42 Years
Factory gate prices of goods produced by the UK manufacturers climbed 17.1% yoy in July of 2022, accelerating from a downwardly revised 16.4% in June and topping market expectations of 16.2%, pointing to the highest producer inflation since June 1980. Upward pressure came from nine out of 10 product groups, with food products providing the largest upward contribution of 4.53 percentage points to the annual rate and had annual price growth of 14.0%, the highest since January 1997, mainly boosted by preserved meat and meat products for the domestic market. The second-largest contribution to the change in the rate came from metals and machinery & equipment (3.33%), while petroleum products contributed 2.02% with annual price growth of 102.8%. Despite providing a downward contribution to the annual rate, tobacco and alcohol products rose by 4.0%. On a monthly basis, output producer prices were up 1.6%, beating market forecasts of a 0.8% growth.
2022-08-17
UK Producer Prices Rise the Most in 42 Years
Factory gate prices of goods produced by the UK manufacturers increased 16.5 percent year-on-year in June of 2022, accelerating from an upwardly revised 15.8 percent in May and beating market expectations of 16 percent, pointing to the highest producer inflation since June 1980. Upward pressure came from nine out of 10 product groups, with food products providing the largest upward contribution of 4.13 percentage points to the annual rate and had annual price growth of 12.3%, the highest since September 2008 mainly driven by preserved meat and meat products for the domestic market. Meanwhile, cost of petroleum products soared by 86.1 percent, after an 84.4 percent jump in May. Despite providing a downward contribution to the annual rate, tobacco and alcohol products climbed by 3.4 percent. On a monthly basis, output producer prices were up 1.4 percent, the least in four months, and compared to market forecasts of a 1.1 percent gain.
2022-07-20