UK Producer Price Inflation rose by 0.4% in the year to February, up from a fall of 0.3% in the year to January; input prices fell by 2.7%, up from a decline of 2.8% in the year to January: ONS

LONDON , March 20, 2024 (press release) –

Changes in the prices of goods bought and sold by UK manufacturers including price indices of materials and fuels purchased (input prices) and factory gate prices (output prices).

Main points

• Producer input prices fell by 2.7% in the year to February 2024, up from a revised fall of 2.8% in the year to January 2024.
• Producer output (factory gate) prices rose by 0.4% in the year to February 2024, up from a revised fall of 0.3% in the year to January 2024.
• On a monthly basis, producer input prices fell by 0.4% and output prices rose by 0.3% in February 2024.
• Input and output price levels have been relatively stable since mid-2022 but remain substantially higher than their 2021 levels.
• This month's Producer Price Index (PPI) estimates are being published with updated weights in line with the annual chain-linking methodology (see Section 5: Weights).

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