UK Producer Prices See a Marginal Increase in December

In a recent update from the Office for National Statistics (ONS), the United Kingdom witnessed a slight uptick in factory gate prices, with a 0.1% increase in the twelve months leading to December. This marks a notable shift from the previous month's revised annual decline of 0.5% in output prices.

The most significant contributor to this annual output inflation was the coke and refined petroleum products sector, adding 0.57 percentage points to the inflation rate. On a month-to-month basis, output prices also saw a 0.1% rise.

Input Prices Show Mixed Signals

While the overall producer input prices experienced a 1.5% decrease throughout 2024, December alone saw a 0.1% increase from the previous month, indicating a complex landscape of economic pressures and adjustments.