Producer price inflation, UK: February 2026

• Producer input prices rose by 0.5% in the year to February 2026, up from a revised fall of 0.4% in the year to January.

• Producer output (factory gate) prices rose by 1.7% in the year to February 2026, down from a rise of 2.5% in the year to January.

• On a monthly basis, producer input prices rose by 0.8% and producer output (factory gate) prices fell by 0.5% in February 2026.

• The Import Price Index (IPI) rose by 0.3% in the year to February 2026.

• This month's Producer Price Index (PPI) estimates are being published with updated weights in line with the annual chain-linking methodology.

• The price data used for this publication predates the current hostilities within the Middle East, which commenced on 28 February 2026.

Producer input prices rose by 0.5% in the year to February 2026, which is up from a revised fall of 0.4% in the year to January (Figure 1). Monthly input prices rose by 0.8% in February 2026, up from a revised increase of 0.3% in January (Table 1).

Producer output (factory gate) prices rose by 1.7% in the year to February 2026, which is down from an increase of 2.5% in the year to January (Figure 1). Monthly output prices fell by 0.5% in February 2026, which is down from 0.0% in January (Table 1).

The largest contribution to the annual input producer price inflation rate was an upward contribution from inputs of metals and non-metallic mineral products, where prices rose by 4.2% over the past year.

The largest contribution to the annual output producer price inflation rate was an upward contribution from outputs of food products, where prices rose by 2.4% over the past year.

Of the 10 product groups for the input Producer Price Index (PPI), 8 made upward contributions to the annual inflation rate in February 2026. The largest of these came from:

• inputs of metals and non-metallic mineral products

• inputs of other parts and equipment

The prices of inputs of metals and non-metallic mineral products rose by 4.2% in the year to February 2026, compared with a revised increase of 4.0% in the year to January (Table 2). The annual price rise in February was partly caused by non-EU imports of precious metals.

The prices of inputs of other parts and equipment rose by 0.8% in the year to February 2026, up from a revised increase of 0.5% in the year to January (Table 2).

The largest offsetting downward contribution to the annual inflation rate came from inputs of crude oil. The prices of inputs of crude oil fell by 12.6% in the year to February 2026, up from a revised fall of 22.6% in the year to January (Table 2).

The Import Price Index (prices of materials and fuels imported by UK manufacturers) rose by 0.3% in the year to February 2026, up from a revised fall of 0.7% in the year to January. On a monthly basis, prices rose by 0.4% in February 2026, up from an increase of 0.1% in January. The Sterling index rose by 0.9% in the year to February 2026 and fell by 0.3% between January and February 2026 (Table 3).

Of the 10 product groups for the output Producer Price Index (PPI), 8 made upward contributions to the annual inflation rate in February 2026. The largest of these came from:

• outputs of food products

• other outputs from manufacturing

Prices for food products rose by 2.4% in the year to February 2026, down from a revised rise of 3.2% in the year to January (Table 4). The annual price rise in February was partly caused by beef products, where supply and demand pressures have been compounded by increased costs.

Prices for other outputs from manufacturing rose by 2.7% in the year to February 2026, down from a revised rise of 2.9% in the year to January (Table 4).

The largest offsetting downward contribution to the annual inflation rate came from outputs of coke and refined petroleum products. Prices for this product group fell by 8.6% in the year to February 2026, down from a revised fall of 7.7% in January.

The largest contribution to change in the annual inflation rate between January and February 2026 came from outputs of motor vehicles and other transport equipment. Prices for this product group rose by 1.8% in February 2026, down from a rise of 5.5% in January.

The Export Price Index rose by 2.0% in the year to February 2026, up from a revised rise of 1.7% in the year to January. On a monthly basis, prices showed no movement in February 2026, down from a revised rise of 1.4% in January. The annual price rise in February was partly caused by exports of basic metals. For more information on export prices please see our Producer Price Indices (PPI) quality and methodology information (QMI).

This month's Producer Price Index (PPI) is being published with updated sales data, in line with the annual chain-linking methodology. New weights are applied to the data from December 2025, which is the link period. Therefore, January 2026 values have been revised to reflect this change in weights (Table 5 and Table 6).

Input weights at product group level are not updated annually alongside output weights because of data collection challenges. However, the weights of lower-level indices contributing to these groupings have been updated as part of annual chain-linking, so contributions will differ from those published last month. For further details on the methodology see Section 8: Data sources and quality.

Contribution

As the aggregate producer prices indices are built up from individual product indices, it is possible to decompose overall inflation into contributions from different products. Those contributions reflect both the inflation rates for each product and their weight in the index.

Input prices

The price of materials and fuels bought by UK manufacturers for processing. It includes materials and fuels that are either imported or sourced from within the domestic market. It is not limited to materials used in the final product but includes what is required by businesses in their normal day-to-day running, such as fuels.

Output prices

The amount received by UK producers for the goods that they sell to the domestic market, also known as factory gate prices. It includes the margin that businesses make on goods, in addition to costs, such as labour, raw materials and energy, as well as interest on loans, site or building maintenance, or rent.

Producer price inflation

Changes in the prices of goods bought and sold by UK manufacturers, including price indices of materials and fuels purchased (input prices) and factory gate prices (output prices). If the producer price inflation rate is a positive value, this indicates that prices have risen, while a negative value indicates prices have fallen.

Services producer price inflation

Quarterly estimates monitoring the changes in prices charged for services provided to UK-based customers for a range of industries.

Weight

This is the importance of the price of interest relative to other prices collected. With annual chain-linking, this is updated every year, using business sales revenue data.

For information on the strengths and limitations of the data, methods used, and the data uses and users, please see our Producer Price Indices (PPI) quality and methodology information (QMI) and our Services Producer Price Indices (SPPI) QMI.

Development of producer price statistics

We are continuing to improve the quality of these statistics to address the findings and requirements set out in the Office for Statistics Regulation's (OSR's) Spotlight on Quality: Producer Price Indices publication. Information on how we plan to address the OSR requirements can be found in our Producer prices development plan. Once the developments are complete, we will begin the process for seeking reaccreditation. These statistics are currently designated as official statistics.

Response rates

In February 2026, the response rates for the domestic PPI, Import Price Index (IPI) and Export Price Index (EPI) were all higher than they were in February 2025 (Table 7).