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Release: Aerospace and Electronic Cost Indices, February 2012

Released: 16 May 2012 Next edition: 13 June 2012

Contact

Liam Murray

Producer Price Index Operations

ppi@ons.gsi.gov.uk

Telephone: +44 (0)1633 455811

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

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: UK and GB

Survey name(s): Index Numbers of Producer Prices (PPI): Provision of Price Information

Contains cost indices (purchase of materials and fuels, average weekly earnings, general expenses and combined costs) relating to four aerospace and electronics industries. The data are based on the Standard Industrial Classification SIC (2007) and are calculated on a base year of 2005=100. The indices are widely used by government and business as an authoritative source of information on inflation, cost adjusting and price variation in trading contracts.

Indices for the latest two months are always provisional and flagged with a "p" marker due to the level of imputation present for items where the latest prices are not available. This level of imputation reduces significantly for earlier months, allowing index data to be published as firm values.

Occasionally, new information produces a change in the value of an index already published as firm. Where change is significant, index values are recalculated and annotated with an "r" marker.

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.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.