UK Producer Price Inflation Rises, Input Costs Decline

British producer output prices rose 1.9% year-on-year in June, while producer input prices fell 1.0% annually, according to interim data released Wednesday by the Office for National Statistics (ONS).

These figures represent preliminary estimates, as the ONS paused regular publication of the Producer Price Index (PPI) in March after identifying calculation errors dating back to 2020. Full PPI reporting is scheduled to resume in October.

Earlier in July, the ONS noted that initial analyses suggested producer price inflation in previous years may have been higher than previously reported, highlighting the potential impact on historical inflation assessments and economic forecasts.