UK producer inflation exceeded initial estimates

According to updated data from the UK's Office for National Statistics (ONS), the country's rate of industrial producer price inflation was higher than previously estimated.

The ONS suspended the publication of the data in March after identifying an error in the methods of its data production systems. According to representatives of the organization, the release in the normal mode will resume in October.

Producer price data measure the change in input costs and selling prices of manufacturing and service companies. They are used in GDP estimates to adjust for different inflation rates across industries, as well as in analyzing some trade indicators.

The data released Thursday showed significant upward revisions to annualized producer price inflation rates in 2022, 2023 and 2025. They were raised by an average of 1.0 and 1.1 percentage points, respectively. The latest published annual rate for January 2025 was revised up to 0.6% from 0.3%. The ONS estimated April's adjusted figure to be 0.5%.