FX.co ★ UK Core PPI Output Cools to 2.9% in January, Easing from December’s 3.1%

The United Kingdom’s core Producer Price Index (PPI) output growth eased in January 2026, signaling a modest slowdown in underlying producer inflation pressures. Year-over-year, core PPI output rose 2.9% in January, down from 3.1% recorded in December 2025.

Both figures are measured on an annual basis, comparing each month with the same month a year earlier. The latest data, updated on 18 February 2026, suggest a slight deceleration in producer price growth at the start of the year, which may be watched closely by markets for its potential implications on broader inflation trends and future monetary policy expectations.