UK PPI output rose to 4.8% in the year ending January from the prior 4.2%, which was revised to 4.1%, and compared with median estimates of 4.4%. On the monthly basis, the reading surged to 1.0%, higher than both prior and expected readings of 0.5%, where the prior reading was revised down to 0.4%.

PPI input climbed to 13.4% annually, exceeding forecasted reading of 12.7% and the prior of 12.5% which was revised to 12.9%. For the month, the indicator showed a decline to 1.7% relative to the previous 3.4%, revised upwards to 3.9%, and the expected 1.4%.

PPI output core came in at 3.2% on the yearly basis from the preceding 2.9%, downwardly revised to 2.6%, above analyst's forecasts of 3.0%, while the month on month reading inclined to 0.7% from 0.2% in December, revised down to -0.1%, and compared with expectations of 0.3%.