Producer Prices in United Kingdom
United Kingdom - Producer Prices
Inflation falls to lowest level since September in December
Inflation dropped to 10.5% in December from November’s 10.7%. December's result represented the weakest inflation rate since September. The slowdown was primarily due to softer growth in prices for recreation and culture and transportation.
Annual average inflation rose to 9.1% in December (November: 8.6%). Meanwhile, core inflation ticked up to 6.4% from 6.3%.
Lastly, consumer prices increased 0.37% in December over the previous month, broadly unchanged from the 0.39% increase logged in November. December's result marked the softest rise in prices since January.
FocusEconomics Consensus Forecast panelists expect inflation to average 7.1% in 2023, which is up 0.4 percentage points from last month’s forecast, and 2.8% in 2024.
United Kingdom - Producer Prices Data
|Inflation (PPI, annual variation in %)||-1.7||0.5||3.4||2.9||1.6|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Facts
|Bond Yield||0.83||-3.04 %||Jan 01|
|Exchange Rate||1.33||-0.35 %||Jan 01|
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January 24, 2023
The S&P Global/CIPS Flash Composite Purchasing Managers’ Index (PMI) came in at 47.8 in January, down from December's 49.0.
January 23, 2023
Consumer confidence fell to minus 45.0 in January from December's minus 42.0.
January 18, 2023
Inflation dropped to 10.5% in December from November’s 10.7%.
January 17, 2023
According to the ONS, in September–November the unemployment rate registered 3.7%, while the redundancy rate was below pre-pandemic levels.
January 13, 2023
GDP rose 0.1% month-on-month in seasonally-adjusted terms in November (October: +0.5% mom).