UK removes official accreditation from past producer price data
Published by Global Banking & Finance Review®
Posted on May 23, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on May 23, 2025
1 min readLast updated: January 23, 2026
The UK has temporarily removed the official status of producer price data due to calculation errors, affecting data from November 2020 onwards.
LONDON (Reuters) - Britain's statistics authorities have temporarily removed official status on Friday from producer price data published from November 2020 onwards, following the discovery of calculation errors.
Britain's Office for National Statistics suspended the publication of new producer price data in March after finding an error in how 'chain-linking' methods had been coded into its data production systems.
The Office for Statistics Regulation said on Friday it had agreed to a request from the ONS to remove the "accredited official status" from the older data, pending potential revisions.
The changes affect the producer price indices including the export price index, import price index and services producer price indices. Measures of consumer price inflation are unaffected.
(Reporting by David Milliken, editing by Andy Bruce)
The UK's Office for National Statistics temporarily removed the official status due to an error in how 'chain-linking' methods were coded into its data production system.
The changes affect the producer price indices, including the export price index, import price index, and services producer price indices.
No, measures of consumer price inflation remain unaffected by the suspension of the producer price data.
The publication of new producer price data was suspended in March after the error was discovered.
The Office for Statistics Regulation has agreed to the ONS's request to remove the 'accredited official status' from the older data, pending potential revisions.
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