Producer Prices in United Kingdom

United Kingdom Producer Prices | Economic News & Forecasts

United Kingdom - Producer Prices

Inflation plunges to lowest level since April in July

Consumer prices fell a seasonally-adjusted 0.02% in July over the previous month, contrasting June's 0.50% rise. July's result marked the sharpest fall in prices since January. The figure was largely due to plunging prices for recreation and culture.

Inflation fell to 2.0% in July from June’s 2.5%. July's reading marked the lowest inflation rate since April. Annual average inflation was unchanged at June's 1.0% in July. Core inflation fell to 1.8% in July, from the previous month's 2.3%.

Despite July’s dip, our panelists see inflation rising back above the Bank of England’s 2.0% target by the end of the year, which could put pressure on the Bank of England to dial back its monetary stimulus.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.9% in 2021, which is up 0.2 percentage points from last month’s forecast, and 2.1% in 2022.

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  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

United Kingdom Facts

Value Change Date
Bond Yield0.83-3.04 %Jan 01
Exchange Rate1.33-0.35 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a 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.

Sign Up

Economic News

Search form