Producer price inflation, UK: June 2026, including services, April to June 2026

• Producer input prices rose by 7.3% in the year to June 2026, down from a revised rise of 9.3% in the year to May.
• Producer output (factory gate) prices rose by 3.5% in the year to June 2026, down from a revised rise of 3.7% in the year to May.
• On a monthly basis, producer input prices fell by 2.0% and producer output (factory gate) prices were flat in June 2026.
• Crude oil and refined petroleum products provided the largest downward contributions to change in the annual inflation rates for input and output prices, respectively.
• Services producer prices rose by 4.3% in the year to Quarter 2 (Apr to June) 2026, up from a revised rise of 3.2% in the year to Quarter 1 (Jan to Mar) 2026; on a quarterly basis, services producer prices rose by 1.8% in Quarter 2 2026.
• Transportation and storage services provided the largest upward contribution to change in the annual inflation rate for services producer prices.

Producer input prices rose by 7.3% in the year to June 2026, which is down from a revised increase of 9.3% in the year to May (Figure 1). This is the first fall in the annual inflation rate since January 2026. Monthly input prices fell by 2.0% in June 2026, down from a revised increase of 0.6% in May (Table 1).

Producer output (factory gate) prices rose by 3.5% in the year to June 2026, which is down from a revised increase of 3.7% in the year to May (Figure 1). Monthly output prices were flat in June 2026, down from a revised increase of 0.3% in May (Table 1).

The largest contribution to the annual input producer price inflation rate was an upward contribution from inputs of crude oil, where prices rose by 42.3% over the past year. Find more detail in Section 3: Input prices.

The largest contribution to the annual output producer price inflation rate was an upward contribution from outputs of coke and refined petroleum products, where prices rose by 43.0% over the past year. Find more detail in Section 4: Output prices.

The data published this month continue to be affected by the conflict in the Middle East. For more information on the data used for oil and energy prices, go to Section 8: Data sources and quality.

Services producer prices rose by 4.3% in the year to Quarter 2 (Apr to June) 2026. This is up from a revised increase of 3.2% in the year to Quarter 1 (Jan to Mar) 2026 (Figure 2). On a quarterly basis, prices rose by 1.8% in Quarter 2 2026, up from an increase of 0.8% in Quarter 1 (Table 2).

The largest contribution to the annual services producer price inflation rate was an upward contribution from transportation and storage services, where prices rose by 8.9% over the past year.

Producer Price Index (PPI) estimates for both May and June 2026, and Services Producer Price Index (SPPI) estimates for Quarter 1 and Quarter 2 2026, are provisional. PPI figures for the latest 12 months and SPPI figures for the latest four quarters are subject to revisions as additional survey data are returned and validated. Effective response rates at the time of first publishing can be found in Section 8: Data sources and quality.

Of the 10 product groups for the input Producer Price Index (PPI), 9 made upward contributions to the annual inflation rate in June 2026. The largest of these came from inputs of:

• crude oil
• metals and non-metallic mineral products
• chemicals

The prices of inputs of crude oil rose by 42.3% in the year to June 2026, compared with a revised increase of 82.1% in the year to May (Table 3). Crude oil also provided the largest contribution to change in the annual inflation rate between May and June 2026. On a monthly basis, crude oil prices fell by 20.8% in June 2026, down from a revised decrease of 0.2% in May. This is the largest monthly price fall in crude oil prices since April 2020.

The prices of inputs of metals and non-metallic mineral products rose by 8.4% in the year to June 2026, compared with a revised increase of 6.7% in the year to May (Table 3). The annual price rise in June was partly caused by non-EU imports of precious metals, in particular silver.

The prices of chemicals rose by 6.6% in the year to June 2026, compared with a revised increase of 5.8% in the year to May (Table 3). The annual price rise in June was partly caused by plastic products, which saw large price rises attributed to increased oil prices.

The only offsetting downward contribution to the annual inflation rate came from inputs of domestic food, where prices fell by 1.0% in the year to June 2026, down from a revised fall of 0.9% in May (Table 3). On a monthly basis, domestic food input prices fell by 1.2%, while imported food prices rose by 0.3%.

Fuel covers electricity and gas (D35) and coal (B05), according to Eurostat's Classification of products by activity (CPA 2.1).

The Import Price Index (IPI) measures the price of materials and fuels imported by UK manufacturers. It rose by 8.5% in the year to June 2026, down from a revised increase of 11.2% in the year to May. On a monthly basis, import prices fell by 2.1% between May and June 2026, compared with a revised increase of 0.3% between April and May. The annual price rise was mainly caused by non-EU imports of refined petroleum products. The sterling effective exchange rate fell by 1.4% in the year to June 2026, down from a fall of 0.8% in the year to May (Table 4).

Of the 10 product groups for the output Producer Price Index (PPI), 8 made upward contributions to the annual inflation rate in June 2026. The largest of these came from:

• outputs of coke and refined petroleum products
• other outputs from manufacturing
• basic metals, fabricated metal products and machinery

Prices for coke and refined petroleum products rose by 43.0% in the year to June 2026, down from a revised rise of 53.1% in the year to May (Table 5). Petroleum products also provided the largest contribution to change in the annual inflation rate between May and June 2026. On a monthly basis, prices for this product group fell by 5.9% in June 2026, down from a revised decrease of 2.1% in May. This is the largest monthly price fall since April 2025.

Prices for other outputs from manufacturing rose by 4.2% in the year to June 2026, up from a revised rise of 3.9% in the year to May (Table 5). This reflected higher prices for repair services, plastic products, and soft drinks, mineral waters and other bottled waters.

Prices for basic metals, fabricated metal products and machinery rose by 4.9% in the year to June 2026, up from a rise of 4.2% in the year to May (Table 5). Higher prices for machining services were a main driver.

The Export Price Index (EPI) rose by 10.8% in the year to June 2026, up from a rise of 9.7% in the year to May. On a monthly basis, export prices rose by 1.1% in June 2026, up from a revised rise of 0.2% in May. The annual price rise was partly caused by exports of precious metals.

All nine product groups for the Services Producer Price Index (SPPI) made upward contributions to the annual inflation rate in Quarter 2 (Apr to June) 2026. The largest of these came from:

• transportation and storage services
• professional, scientific and technical services

Prices for transportation and storage services rose by 8.9% in the year to Quarter 2 2026, compared with a rise of 1.3% in the year to Quarter 1 (Jan to Mar) 2026 (Table 6). The annual price rise in Quarter 2 was mainly caused by increases in prices for “other transportation support services” because of increased shipping rates and fuel charges resulting from the conflict in the Middle East. This product group also provided the largest contribution to change in the annual inflation rate between Quarter 1 and Quarter 2 2026. On a quarterly basis, prices for this product group rose by 7.3% in Quarter 2 2026, up from an increase of 0.7% in Quarter 1. This is the highest the quarterly rate has been for this product group since records began in Quarter 4 (Oct to Dec) 2008.

Prices for professional, scientific and technical services rose by 4.7% in the year to Quarter 2 2026, compared with a revised rise of 3.6% in the year to Quarter 1 2026 (Table 6).

Education services had a smaller upward contribution to the annual inflation rate because of its low weight. However, it had the third largest annual inflation rate of all product groups, up 8.0% in the year to Quarter 2 2026 (Table 6). This annual price rise was partly caused by “other education services”, which includes vocational education services, among other things.

Contribution

As the aggregate producer prices indices are built up from individual product indices, it is possible to decompose overall inflation into contributions from different products. Those contributions reflect both the inflation rates for each product and their weight in the index.

Input prices

The price of materials and fuels bought by UK manufacturers for processing. It includes materials and fuels that are either imported or sourced from within the domestic market. It is not limited to materials used in the final product but includes what is required by businesses in their normal day-to-day running, such as fuels.

Output prices

The amount received by UK producers for the goods that they sell to the domestic market, also known as factory gate prices. It includes the margin that businesses make on goods, in addition to costs, such as labour, raw materials and energy, as well as interest on loans, site or building maintenance, or rent.

Producer price inflation

The change in the prices of goods bought and sold by UK manufacturers, including price indices of materials and fuels purchased (input prices) and factory gate prices (output prices). If the producer price inflation rate is a positive value, this indicates that prices have risen, while a negative value indicates that prices have fallen.

Services producer price inflation

The quarterly estimates monitoring the changes in prices charged for services provided to UK-based customers for a range of industries.

Weight

The importance of the price of interest relative to other prices collected. With annual chain-linking, this is updated every year, using business sales revenue data.

For information on the strengths and limitations of the data, methods used, and the data uses and users, please see our Producer Price Indices (PPI) quality and methodology information (QMI) and our Services Producer Price Indices (SPPI) QMI.

Development of producer price statistics

We are continuing to improve the quality of these statistics to address the findings and requirements set out in the Office for Statistics Regulation’s (OSR’s) Spotlight on Quality: PPI publication. Information on how we plan to address the OSR requirements can be found in our Producer prices development plan: October 2025 article. Once the developments are complete, we will begin the process for seeking reaccreditation. These statistics are currently designated as official statistics.

Oil and energy data

The crude oil data are collected from the four crude oil refining businesses within the UK. It is based on the volume and value of oil purchases made in the first part of the month (typically the first week), supplemented with the refining businesses’ estimate of the volume and value of purchases for the remainder of the month. It should be noted that these purchases will represent a (varying) mix of future and spot prices.

The oil derivatives data (diesel, gas oil and aviation turbine fuel) are also collected from the refining businesses. The process is like that used for crude oil but refers to sales rather than purchases.

The unleaded petrol data are sourced from pump prices from a range of business types. They are based on weekly data with the necessary tax elements removed. The gas and electricity data are an average price for the month from a panel of suppliers relating to the supply of gas and electricity to industrial and commercial end-users. These data differ from the data provided for the purposes of the Consumer Prices Index (CPI). The data include a mixture of fixed price contracts and flexible price contracts, compiled by the Department for Energy Security and Net Zero (DESNZ). Like the oil data, the first estimate is based on the average price for the first part of the month (based upon the volume and value of the energy supplied), supplemented with the suppliers’ estimate of the volume and value for the remainder of the month.

All these figures are revised as new data (for example, on the volumes and values of oil purchased) and are received after one to two months.

Response rates

In June 2026, the response rates for the domestic PPI and Import Price Index (IPI) were higher than they were in June 2025, while the response rate for the Export Price Index (EPI) was lower (Table 7).

In Quarter 2 (Apr to June) 2026, the response rate for the SPPI was lower than it was in Quarter 2 2025 (Table 8).