Economic Buzz: UK Producer Price Inflation Grows

18 May 2022 , 12:45 PM

The headline rate of output prices in UK showed positive growth of 14.0% on the year to April 2022, up from 11.9% in March 2022; this is the highest the rate has been since July 2008. The headline rate of input prices showed positive growth of 18.6% on the year to April 2022, which is unchanged from March 2022; this is the highest the rate has been since records began. Food products, and metals and non-metallic minerals provided the largest upward contributions to the annual rates of output and input inflation, respectively. On the month, the rate of output inflation was 2.3% in April 2022, up from 1.9% in March 2022. This is the highest the monthly rate has been since May 2008.Powered by Commodity Insights