UK PPI input NSA spiked to 3.4% in December compared with the prior 0.9% and median estimates of 1.7%. On the annual basis, the reading also climbed to 12.5%, higher than forecasts of 10.2% and the revised reading of 9.2% which was 9.0% initially.

PPI output NSA for the same month rose to 0.5%, exceeding the previous 0.3%, which was revised up to 0.4%, and expectations of 0.4%. Annually, the reading surged to 4.2% compared to anticipations of 3.9%, while the prior reading of 3.9% was revised up to 4.1%.

Finally, PPI output core NSA remained at 0.2%, a 0.1% lower than estimates. On the year, the reading slipped to 2.9% relative to the previous 3.3% and forecasts of 3.0%.