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Release: Services Producer Price Indices, Quarter 4 2011

Released: 22 February 2012 Next edition: 23 May 2012

Contact

Kevin Buckthought

Prices

ppi@ons.gsi.gov.uk

Telephone: +44 (0)1633 456628

Categories: Economy, Prices, Output and Productivity, Price Indices and Inflation, Services Producer Price Indices

Frequency of release: Quarterly

Language: English

Geographical coverage: UK

Geographical breakdown: UK and GB

Survey name(s): Services Producer Price Index (SPPI)

  • Net sector aggregate of selected SPPI's 12 month inflation rose 1.7 per cent in the fourth quarter of 2011, compared with a rise of 2.3 per cent in the third quarter of 2011.

  • Between the third and fourth quarter of 2011 net sector aggregate of selected SPPI's rose 0.1 per cent.

  • Gross sector aggregate of selected SPPI's 12 month inflation rose 1.2 per cent in the fourth quarter of 2011, compared with a rise of 1.8 per cent in the third quarter of 2011.

  • There was no movement in the gross sector aggregate of selected SPPI's between the third and fourth quarter of 2011.

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:

  • meet identified user needs;
  • are well explained and readily accessible;
  • are produced according to sound methods; and
  • are managed impartially and objectively in the public interest.

Once statistics have been designated as National Statistics it is a statutory requirement that the Code of Practice shall continue to be observed.

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