Producer input prices in the UK increased 7.7% year over year in April, following a revised 5.3% gain in March, data from the Office for National Statistics showed Wednesday.
The consensus estimate for the month was a 5.9% growth.
Meanwhile, producer output or factory gate prices climbed 4% annually, against the revised 3% rise earlier and the expected 2.8% jump.
On a monthly basis, producer input prices grew 2.4% in April, compared with the revised 4.3% increase previously and the forecast of a 1% rise. Monthly factory gate prices edged up 1.4%, consistent with a revised 1.4% rise earlier, and above the projected 1% growth.