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
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation (PPI, annual variation in %) | -1.7 | 0.5 | 3.4 | 2.9 | 1.6 |
United Kingdom Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.83 | -3.04 % | Jan 01 |
Exchange Rate | 1.33 | -0.35 % | Jan 01 |
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Economic News
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United Kingdom: Composite PMI deteriorates in January
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.
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United Kingdom: Consumer confidence eases in January
January 23, 2023
Consumer confidence fell to minus 45.0 in January from December's minus 42.0.
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United Kingdom: Inflation falls to lowest level since September in December
January 18, 2023
Inflation dropped to 10.5% in December from November’s 10.7%.
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United Kingdom: Labor market remains an economic bright spot in Q4
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.
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United Kingdom: Economic activity growth slows in November
January 13, 2023
GDP rose 0.1% month-on-month in seasonally-adjusted terms in November (October: +0.5% mom).