The experimental top-level Services Producer Price Index (SPPI) inflation fell 0.4 per cent in the second quarter of 2009, compared with a rise of 0.8 per cent in the previous quarter.
The largest downward effect to the net sector SPPI over the past 12 months came from Freight Forwarding, largely due to a fall in fuel costs compared with 12 months ago. Other notable downward contributions came from Construction Plant Hire and Sea and Coastal Water Freight, both of which were due current competitive market conditions.
These downward movements were partially offset by upward contributions especially from Sewerage Services as reported by the Office of Water Services (Ofwat).
Notes: The SPPIs are primarily a suite of individual price indices providing 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 individual price indices are also aggregated together to create a ‘service industry’ SPPI with limited coverage.
SPPI inflation is the percentage change in the net sector index compared with the same quarter in the previous year.
SPPIs are currently experimental and are therefore not classified as National Statistics.
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SPPI data