UK PPI hits fresh high, Bank may look to hike

Chances that the Bank of England's next rate change will be a rise rather than a cut rose on Monday after government data revealed a surge in factory-gate inflation.

The Office for National Statistics, the British government's statistics bureau, said on Monday that output-price, or factory-gate, inflation hit 8.9% in the year to May, the highest recorded rate since the measure was introduced in 1986, up from 7.6% in April - itself a record high. Input-price inflation also hit record levels

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account