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Services producer price index (experimental) – fourth 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 3, no 4, pp 60-62. ISSN: 1751-8334
The experimental Services Producer Price Index (SPPI) measures movements in prices charged for services supplied by businesses to other businesses, local and national government. This article shows the effects some industries are having on the top-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 is also used by HM Treasury and the Bank of England to help monitor inflation in the economy.
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