Producer Prices in United Kingdom
United Kingdom - Producer Prices
Inflation unchanged in March
Consumer prices rose 0.2% in March over the previous month, down from February’s 0.5% increase. March’s reading was underpinned by higher prices for clothing and footwear; and health.
Inflation was stable at 1.9% in March, close to the Bank of England’s (BoE) 2.0% target. Core inflation—which excludes food and energy costs—was unchanged at 1.8%.
Looking ahead, inflation is likely to stay close to the BoE’s target, with solid wage growth and the recent increase in oil prices providing upward pressure. The outcome of the Brexit process is a key risk to the inflation outlook. A swift resolution to the impasse—which currently appears unlikely—could boost growth and inflation, a no-deal Brexit later this year could lead to a sharp currency depreciation and fan price pressures, even in the face of weaker domestic demand.
UK Inflation Forecast
According to the February Inflation Report, the Bank of England sees inflation at 2.0% in Q4 2019 and 2.1% in Q4 2020. Met the why particular Consensus Forecast panelists expect inflation to average 2.0% in 2019 and 2.0% again in 2020.
United Kingdom - Producer Prices Data
|Inflation (PPI, annual variation in %)||1.3||0.0||-1.7||0.5||3.4|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Facts
|Bond Yield||1.11||-3.04 %||May 13|
|Exchange Rate||1.30||-0.35 %||May 13|
|Stock Market||7,164||-0.26 %||May 13|
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May 14, 2019
In the January-March period, the unemployment rate fell to a new multi-decade low of 3.8%, while the employment rate was the joint-highest on record.
May 11, 2019
Industrial production rose 0.7% in March over the prior month according to the Office for National Statistics, following February’s 0.6% increase.
May 11, 2019
Growth accelerated to 0.5% in quarter-on-quarter terms in Q1 2019 (Q4 2018: +0.2% quarter-on-quarter), according to preliminary data released by the Office for National Statistics (ONS).
United Kingdom: Services PMI edges back into positive territory in April, manufacturing PMI dips as stockpiling eases
May 3, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) rose from a multi-year low of 48.9 in March to 50.4 in April.
May 2, 2019
At its meeting ending on 1 May, the Monetary Policy Committee (MPC) of the Bank of England (BoE) voted unanimously to keep the Bank Rate unchanged at 0.75%.