FX.co ★ UK Core PPI Output Inflation Cools to 1.9% in February, Easing from 2.9%

Core producer price inflation in the United Kingdom slowed notably in February 2026, with the year-over-year Core PPI Output rate easing to 1.9%, down from 2.9% in January 2026.

The figures, updated on 25 March 2026, show that factory-gate prices for core goods are rising at a weaker annual pace than a month earlier when measured against the same period a year ago. Under the comparison method used, the February 2026 reading reflects the change versus February a year earlier, while the January 2026 figure captured the change versus January of the previous year.

The deceleration in core output prices suggests some moderation in underlying producer-side inflation pressures, an element closely watched by markets and policymakers as a signal of potential future trends in consumer prices and monetary policy conditions.