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Services producer price index (experimental) first quarter 2008
Illustrates the effects some industries are having on the aggregate indicator measuring movements in prices charged for services
Author: Ian Richardson
Economic & Labour Market Review, vol 2, no 7, pp 88. ISSN: 1751-8334
This article shows the effects some industries are having on the top-level experimental services producer price index (SPPI). It continues the quarterly feature previously published in Economic Trends. The SPPI measures movements in prices charged for services supplied by businesses to other businesses and to local and national government. 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 SPPI is also used by HM Treasury and the Bank of England to help monitor inflation in the economy.
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