Producer Prices in United Kingdom
United Kingdom - Producer Prices
Inflation increases in March but remains well below target
Consumer prices increased a seasonally-adjusted 0.27% in March over the previous month, accelerating from February's 0.09% increase. The result was largely due to rising prices for recreation and culture.
Inflation edged up to 0.7% in March, above February’s 0.4%. Annual average inflation ticked down to 0.6% in March (February: 0.7%). Core inflation rose to 1.1% in March from February’s 0.9% increase.
This year inflation is seen rising close to the Bank of England’s 2.0% target due to a combination of higher energy prices, economic recovery and supply-chain pressure linked to Brexit.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2021, which is unchanged from last month’s forecast, and 1.9% in 2022.
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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May 12, 2021
Industrial output increased 1.8% month-on-month in seasonally-adjusted terms in March (February: +1.0% mom).
May 12, 2021
GDP dropped 1.5% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, contrasting the 1.3% expansion seen in the fourth quarter of last year.
United Kingdom: BoE keeps rates and total stock of asset purchases unchanged in May, but reduces pace of bond buying
May 6, 2021
At its meeting ending on 5 May, the Bank of England (BoE) maintained the bank rate at the record low of 0.10%, where it has been since March 2020.
April 30, 2021
According to the Nationwide Building Society, house prices in the United Kingdom rose 2.1% month-on-month in April, contrasting March’s 0.3% contraction.
April 23, 2021
Consumer confidence came in at minus 15.0 in April, up from March's minus 16.0.