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    Home > Finance > UK removes official accreditation from past producer price data
    Finance

    UK removes official accreditation from past producer price data

    Published by Global Banking & Finance Review®

    Posted on May 23, 2025

    1 min read

    Last updated: January 23, 2026

    UK removes official accreditation from past producer price data - Finance news and analysis from Global Banking & Finance Review
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    Tags:GDPfinancial crisisUK economymonetary policy

    Quick Summary

    The UK has temporarily removed the official status of producer price data due to calculation errors, affecting data from November 2020 onwards.

    UK Temporarily Revokes Official Status of Producer Price Data

    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)

    Key Takeaways

    • •UK removes official status from producer price data since November 2020.
    • •Calculation errors discovered in 'chain-linking' methods.
    • •ONS suspended new data publication in March.
    • •Consumer price inflation measures remain unaffected.
    • •Potential revisions to older data are pending.

    Frequently Asked Questions about UK removes official accreditation from past producer price data

    1Why was the official status of producer price data revoked?

    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.

    2What indices are affected by this suspension?

    The changes affect the producer price indices, including the export price index, import price index, and services producer price indices.

    3Are consumer price inflation measures impacted?

    No, measures of consumer price inflation remain unaffected by the suspension of the producer price data.

    4When was the publication of new producer price data suspended?

    The publication of new producer price data was suspended in March after the error was discovered.

    5What is the next step for the removed data?

    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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