Factory gate prices for UK-manufactured goods rose 2.5% year-on-year in January 2026, easing from a downwardly revised 3.1% increase in December. This marked the lowest reading since late June, driven by weaker energy-related price pressures. Prices for coke and refined petroleum products fell 8.4% annually, deepening from a 1.7% decline in December and providing the largest downward contribution to the overall rate. Meanwhile, although inflation slowed for food products (3.4% vs 4.1%), partly driven by processed and preserved meat, and for motor vehicles and other transport equipment (5.5% vs 6.4%), both remained the largest upward contributors to factory gate inflation. Inflation also rose for alcoholic beverages and tobacco (1.6% vs 0.8%), basic metals and machinery (3.6% vs 3.5%), and computer, electronic, and electrical products (1.6% vs 1.2%). On a monthly basis, producer output prices were unchanged, following a 0.1% fall in December.