| Actual | Previous | Revised | |
| Output - M/M | 0.0% | 0.5% | 0.3% |
| Output - Y/Y | 3.5% | 4.0% | 3.7% |
| Input - M/M | -2.0% | 0.2% | 0.6% |
| Input - Y/Y | 7.3% | 8.7% | 9.3% |
Highlights
UK producer price pressures eased in June 2026, although the underlying picture remains uneven. Annual input price inflation fell sharply from a revised 9.3 percent in May to 7.3 percent, while factory-gate inflation moderated slightly from 3.7 percent to 3.5 percent. Monthly input prices declined by 2.0 percent, and output prices remained unchanged, indicating that manufacturers faced some immediate relief from production costs.
Crude oil and refined petroleum products made the largest downward contributions to input and output inflation, respectively. This suggests that falling energy-related costs were the principal drivers of industrial disinflation. Nevertheless, the sizeable difference between input and output inflation implies that manufacturers may still be absorbing part of the earlier cost increases through reduced profit margins rather than transferring them fully to consumers.
In contrast, services producer inflation continues to rise as transportation and storage services were the main upward contributors, potentially reflecting persistent wage, logistics and infrastructure costs. Indeed, inflationary pressure appears to be shifting from energy-intensive manufacturing towards domestically driven services, complicating the broader disinflation outlook.