Producer Prices in United Kingdom
United Kingdom - Producer Prices
Inflation falls further below target in October
Consumer prices fell 0.2% in October compared to the prior month, contrasting September’s 0.1% increase. The fall was driven by lower prices for food, and housing and utilities.
Inflation fell to 1.5% from 1.7% in September, moving further below the Bank of England’s (BoE) 2.0% target and undershooting market expectations. Muted inflation was driven in part by low energy prices following changes to the price cap set by the energy regulator. Core inflation—which excludes food and energy costs—was stable at 1.7%.
The Bank of England downgraded its inflation projections in November, and now sees inflation at 1.5% in Q4 2020 and 2.0% in Q4 2021. FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in both 2020 and 2021.
United Kingdom - Producer Prices Data
|Inflation (PPI, annual variation in %)||1.3||0.0||-1.7||0.5||3.4|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Facts
|Bond Yield||0.76||-3.04 %||Nov 21|
|Exchange Rate||1.29||-0.35 %||Nov 21|
|Stock Market||7,239||-0.26 %||Nov 21|
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December 4, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) decreased from 50.0 in October to 49.3 in November, below the threshold that separates expansion from contraction in activity.
November 29, 2019
According to the Nationwide Building Society (NBS), house prices in the United Kingdom rose 0.5% month-on-month in November, up from October’s 0.2% increase.
November 29, 2019
The GfK consumer confidence indicator registered minus 14 in November, matching October’s figure.
November 13, 2019
Consumer prices fell 0.2% in October compared to the prior month, contrasting September’s 0.1% increase.
November 12, 2019
The unemployment rate edged down to 3.8% in July–September from 3.9% in the previous rolling quarter.