Producer Prices in United Kingdom
United Kingdom - Producer Prices
Inflation dips in December
Consumer prices rose 0.2% in December over the previous month, matching November’s figure. December’s reading was underpinned by higher prices for food and non-alcoholic beverages and transport.
Inflation fell from 2.3% in November to 2.1% in December, matching market expectations and marking the lowest reading in nearly two years, on the back of lower fuel prices. Inflation is now only just above the Bank of England’s (BoE) 2.0% target. Core inflation—which excludes food and energy costs—inched up from 1.8% to 1.9%.
Looking ahead, inflation is likely to stay close to the BoE’s target, supported by the recent fall in oil prices. However, higher wage pressures will provide upward pressure. The outcome of the Brexit process is a key risk to the inflation outlook, as a no-deal Brexit could lead to a sharp currency depreciation and hence fan price pressures, even in the face of weaker domestic demand.
According to the November Inflation Report, the Bank of England sees inflation at 2.1% in Q4 2019 and 2.1% again in Q4 2020. FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2019 and 1.9% in 2020.
United Kingdom - Producer Prices Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | 1.3 | 0.0 | -1.7 | 0.5 | 3.4 |
United Kingdom Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.31 | -3.04 % | Jan 16 |
| Exchange Rate | 1.29 | -0.35 % | Jan 16 |
| Stock Market | 6,863 | -0.26 % | Jan 16 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
United Kingdom: Inflation dips in December
January 16, 2019
Consumer prices rose 0.2% in December over the previous month, matching November’s figure.
United Kingdom: Industrial production contracts for third straight month in November
January 11, 2019
Industrial production decreased 0.4% in November over the prior month according to the Office for National Statistics, down from October’s revised 0.5% fall (previously reported: -0.6% month-on-month).
United Kingdom: The economy loses momentum in the three months to November
January 11, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.2% in November over the prior month in seasonally-adjusted terms, up from October’s 0.1% increase.
United Kingdom: Services growth limp in December, manufacturers increase stocks as Brexit uncertainty rises
January 4, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) ticked up slightly from 50.4 in November to 51.2 in December, overshooting analysts’ expectations.
United Kingdom: Housing market wanes in December
January 4, 2019
According to the Nationwide Building Society (NBS), house prices in the United Kingdom decreased 0.7% in December compared to the previous month in seasonally adjusted terms, contrasting November’s 0.4% uptick.
© Copyright: 2019 | United Kingdom Producer Prices | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
