Economic Buzz: UK Producer Price Inflation Rise By 22.1%

22 Jun 2022 , 02:27 PM

UK Producer input prices rose by 22.1% in the year to May 2022, up from 20.9% in the year to April 2022; this is the highest the rate has been since records began in January 1985. Producer output (factory gate) prices rose by 15.7% in the year to May 2022, up from 14.7% in the year to April 2022. Food products, and metals and non-metallic minerals provided the largest upward contributions to the annual rates of output and input inflation, respectively. Monthly producer input prices rose by 2.1% and output prices by 1.6% in May 2022, down from 2.7% and 2.8%, respectively, in April 2022.Powered by Commodity Insights