Services Producer Price Indices (experimental) – Fourth quarter 2009

Simon Woodsford
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Simon Woodsford: Office for National Statistics

Economic & Labour Market Review, 2010, vol. 4, issue 4, 56-59

Abstract: SUMMARYThe 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 and Government. These selected price indices are also aggregated together to create an aggregate SPPI with limited coverage. This aggregate SPPI is not representative of the whole service sector. This article shows the effects some industries are having on the aggregate 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 (GDP). The index is also used by HM Treasury and the Bank of England to help monitor inflation in the economy.

Date: 2010
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