Economic Buzz: UK Producer Price Inflation Rose By 24%

20 Jul 2022 , 03:53 PM

UK producer input prices rose by 24.0% in the year to June 2022, up from 22.4% in the year to May 2022. Producer output (factory gate) prices rose by 16.5% in the year to June 2022, up from 15.8% in the year to May 2022. Metals and non-metallic minerals, and food products provided the largest upward contributions to the annual rates of input and output inflation, respectively. Services producer prices rose by 5.4% in the year to Quarter 2 (Apr to June) 2022, up from 4.2% in the year to Quarter 1 (Jan to Mar) 2022. Powered by Commodity Insights