FX.co ★ UK Core Factory-Gate Inflation Eases Slightly in May, Extending Cooling Trend

Core producer price inflation in the United Kingdom edged lower in May, adding to signs of gradually easing pipeline price pressures for the economy. Year-over-year, core PPI output rose 2.3% in May 2026, down from 2.4% in April 2026, according to data updated on 17 June 2026.

The core PPI output measure tracks changes in the prices UK producers receive for their goods, excluding volatile components, compared with the same month a year earlier. The latest reading suggests that while underlying factory-gate inflation remains positive, it is continuing to moderate on an annual basis.