U.K. output price inflation eased in May to the lowest since November 2009, data from the Office for National Statistics said Friday.
Output price inflation fell to 2.8 percent in May from 3.2 percent in April. The annual rate was expected to stay at 3.2 percent.
On a monthly basis, the output price index dropped 0.2 percent, in contrast to a 0.1 percent rise forecast by economists. The decline follows a rise of 0.6 percent in April.
At the same time, input price annual inflation was the lowest since September 2009. The annual rate came in at 0.1 percent, sharply down from the 1 percent increase in the previous month.
Month-on-month, input prices were down 2.5 percent, which was the largest monthly fall since December 2008. In March, input prices dropped 1.4 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.