Producer input prices in the United Kingdom fell by 0.4% in the year to June 2024, up from a revised fall of 0.7% in the year to May. Monthly input prices fell by 0.8% in June 2024, following a revised fall of 0.6% in May, according to the latest data from the the country's Office for National Statistics.
Producer output (factory gate) prices rose by 1.4% in the year to June 2024, down from a rise of 1.7% in the year to May. Monthly output prices fell by 0.3% in June 2024, down from a revised rate of 0.0% in May.
The largest contribution to the fall in output prices came from chemicals and paper products, which stood at negative 3.1% and 1.7%, respectively.
On a monthly basis, producer input prices fell by 0.8%, while output (factory gate) prices fell by 0.3% in June 2024.
Services producer prices rose by 3.1% in the year to Q 2 (April to June) 2024, down from a revised increase of 3.7% in the year to Q1 (January to March).
