Producer Price Inflation UK - July 2023

16th August 2023

Producer input prices fell by 3.3% in the year to July 2023, down from a fall of 2.9% in the year to June 2023.

Producer output (factory gate) prices fell by 0.8% in the year to July 2023, down from a rise of 0.3% in the year to June 2023.

On a monthly basis, producer input prices fell by 0.4% while output prices rose by 0.1% in July 2023.

Inputs of crude oil and petroleum products provided the largest downward contributions to the annual rates of input and output inflation, respectively.

While annual producer price inflation rates have turned negative, with prices in some sectors falling, the index levels for both input and output prices remain substantially higher than their 2021 levels.

Read the full report HERE