Producer Prices & Service Producer Price Index
Telephone: +44 (0)1633 455811
Frequency of release: Quarterly
Geographical coverage: UK
Geographical breakdown: UK and GB
Survey name(s): Services Producer Price Index (SPPI)
Net sector aggregate of selected SPPIs 12 month inflation rose 1.7 per cent in the first quarter of 2012, compared with a rise of 1.8 per cent in the fourth quarter of 2011. This is the lowest annual rate since the first quarter of 2010, when the index rose 1.6 per cent.
Between the fourth quarter of 2011 and the first quarter of 2012 net sector aggregate of selected SPPIs rose 0.4 per cent.
Gross sector aggregate of selected SPPIs 12 month inflation rose 1.4 per cent in the first quarter of 2012, unchanged from the fourth quarter of 2011.
Between the fourth quarter of 2011 and the first quarter of 2012 gross sector aggregate of selected SPPIs rose 0.5 per cent.
The Services Producer Price Index (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 individual price indices are also aggregated together to create a 'service industry' SPPI with limited coverage.
The United Kingdom Statistics Authority has designated these statistics as National Statistics, in accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the Code of Practice for Official Statistics.
Designation can be broadly interpreted to mean that the statistics:
Once statistics have been designated as National Statistics it is a statutory requirement that the Code of Practice shall continue to be observed.