FX.co ★ UK Core PPI Output Slumps 0.8% in February, Reversing January Gains

The United Kingdom’s Core PPI Output fell sharply in February 2026, dropping to -0.8% month-over-month, according to data updated on 25 March 2026. This marks a notable reversal from January 2026, when the indicator recorded a 0.2% month-on-month increase.

The Core PPI Output measures the change in prices received by domestic producers for their output, excluding volatile components, and offers insight into underlying producer price pressures. On a month-over-month basis, the February reading shows that producer prices declined compared with January, while the previous 0.2% figure reflected a modest rise from December 2025.

The shift from positive to negative territory suggests a weakening in underlying producer price momentum between January and February. As the data are assessed on a month-over-month comparison, the February figure highlights a short-term cooling in core producer prices relative to the prior month’s trend.