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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.