PPI Consultation

Closed 26 Jun 2019

Opened 15 May 2019

Feedback Updated 16 Sep 2019

We Asked

We asked for people’s views on the proposal to stop publishing several low-level series for both Output and Input Producer Prices (PPI). This is due to changes to our current disclosure policy, which we plan to introduce later this year as part of the new modernised systems we are developing to support the publication of Business Prices statistics.

We provided an annex which contained a list of the indices we proposed to stop publishing, alongside possible “replacement” higher level indices which stakeholders and customers could use.

We also sought additional information on how our statistics are used, particularly our PPI input series.

Finally, we reminded stakeholders and customers that we will stop producing net-based series later in the year.

You Said

We received 8 responses from a variety of organisations, including government departments as well as non-commercial users.

Half of the respondents said they would have an objection to the low-level series being removed from the monthly PPI publication. The responses indicated that the type of indices that stakeholders did not want removed were those which would fall in the category of ‘construction materials and parts’.

Also, half of the respondents said they used the PPI input indices. These indices are used in a range of ways by our stakeholders. The majority of respondents commented on how well the indices fitted their needs.

We Did

Our plans moving forward:

  • We plan to stop publishing 89 out of 112 of the low-level indices that were published in the consultation’s Annex A, where there were no objections from users.
  • We will be contacting organisations we provide supplementary statistics to, including low-level indices, to discuss possible changes. These supplementary statistics include several bespoke datasets in Excel format that are set-up and maintained by the producer price index (PPI) team. The datasets contain a range of indices to customer specification and are delivered by email each month following publication of the figures.
  • We will continue to publish the low-level indices that relate to construction materials.
  • We are planning to implement these changes in early 2020. We will provide further advance notice of the exact timing in our PPI statistical bulletin.

Results Updated 16 Sep 2019

Files:

Overview

We are proposing to stop publishing a number of low-level series for both Output and Input Producer Prices. This is due to changes to our current disclosure policy which we plan to introduce later this year as part of the new modernized systems we are developing to support the publication of Business Prices statistics. These changes are required to continue to ensure the confidentiality of the data we publish. The low-level series affected by these changes are lower quality compared to higher-level indices, which are based on more price quotes. Higher-level indices will continue to be available.

We are also seeking additional information on how our statistics are used, particularly our PPI input series.

Finally, we are reminding users that we will stop producing net-based series later in the year. A consultation on this change had taken place in June 2017. We are providing a full list of the affected series as part of this consultation.

We are supporting users by outlining possible replacement indices to those being removed from publication. The suitability of such ‘replacement indices’ will however be a user decision.

Please find the Consulation Document and Annexes at the bottom of this page.

What Happens Next

The consultation has now closed. Thank you for your input. We will be assessing the feedback from all respondents. 

We will publish our initial findings of the responses within 12 weeks of the 26th June 2019.

Audiences

  • Businesses
  • Researchers
  • Statisticians

Interests

  • Business
  • Statistics
  • Data