The United Kingdom’s core Producer Price Index (PPI) Output moved back into positive territory in March 2026, signaling an easing of deflationary pressures at the factory gate. Month-over-month, the core PPI Output rose by 0.2% in March, compared with a 0.8% decline in February 2026.
The data, updated on 22 April 2026, show a clear turnaround in producer price dynamics after the sharp negative reading in February. On a month-over-month basis, the latest figure reflects a modest but notable rebound, as the March increase is measured against the depressed price levels seen in the previous month.
While the move to 0.2% suggests only a mild recovery, the shift from -0.8% to positive territory may be interpreted as a sign that downward pressure on core output prices is beginning to ease, with potential implications for broader inflation trends in the UK in the coming months.
