UK Producer Price Inflation rose by 5.4% in the year to April, down from 8.5% in year to March; input prices increased by 3.9%, down from 7.3% in year to March: ONS

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LONDON , May 24, 2023 (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 rose by 3.9% in the year to April 2023, down from 7.3% in the year to March 2023.
  • Producer output (factory gate) prices rose by 5.4% in the year to April 2023, down from 8.5% in the year to March 2023.
  • Inputs of metals and non-metallic minerals, and petroleum products provided the largest downward contributions to the change in the annual rates of input and output inflation, respectively.
  • While annual producer price inflation rates have been slowing in recent months, the index levels for both input and output prices have been broadly stable since June 2022.
  • On a monthly basis, producer input prices fell by 0.3% while output prices showed no movement in aggregate in April 2023.

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

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