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Services Producer Price Indices (experimental) – Second quarter 2009

  • Simon Woodsford

    (Office for National Statistics)

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    The experimental Services Producer Price Indices (SPPI) are primarily a suite of individual price indices that provide information on price change for a limited range of service industries. Each SPPI captures quarterly changes in the price received for services provided by UK businesses to other UK businesses andGovernment. These individual price indices are also aggregated together to create a service industry (top-level) SPPI with limited coverage. This article shows the effects some industries are having on thetop-level SPPI. The data produced are used internally by the Office for National Statistics as a deflator for the Index of Services and the quarterly measurement of gross domestic product. The index isalso used by HM Treasury and the Bank of England to help monitor inflation in the economy.

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    Article provided by Palgrave Macmillan in its journal Economic & Labour Market Review.

    Volume (Year): 3 (2009)
    Issue (Month): 10 (October)
    Pages: 61-63

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    Handle: RePEc:pal:ecolmr:v:3:y:2009:i:10:p:61-63
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