Preliminary results must have been so sky high that even the usual heavy cooking must have struggled to hide UK hyperinflation this time https://t.co/IFuE5UuAOo
— JustDario 🏊♂️ (@DarioCpx) March 21, 2025
The U.K.’s Office for National Statistics said Friday it paused publication of its index of producer prices, a new disappointment for the data agency that has faced criticism from the Bank of England over issues with data collection.
“During work to improve the systems used to create the producer price index and the services producer price indices, our quality assurance identified a problem with the chain-linking methods used to calculate these indices,” the ONS said.
The problem affects the years from 2008 onward, though the main impact on annual PPI rates was seen in 2022 and 2023, just as the global ramp-up in inflation was gathering steam. Headline output PPI is set to be revised upward, while the headline SPPI is likely to be revised downward, the ONS noted.