UK stats office to pause publication of producer price index

Just a heads up as the ONS just released a statement saying that they will be pausing producer price publications for the time being. The reason cited is due to “a problem with the chain-linking methods used to calculate these indices”. The issue was found amid work to improve the systems for Producer Price Index (PPI) and the Services Producer Price Indices (SPPI) calculations.

As they work to rectify the issue, the consumer price index (CPI) will at least remain unaffected. Once done though, they expect headline output PPI to be revised upwards while headline SPPI is likely to be revised downwards. No specific date is given as to when the problem will be fixed though.

This article was written by Justin Low at www.forexlive.com.