CSPI inflation rises to 3.8% in Q3 2005
CSPI: percentage change on a year ago
In the third quarter of 2005, Corporate Services Price Index (CSPI) inflation increased to 3.8 per cent, the highest annual growth for four years. This follows a period of sustained annual growth across the corporate services sector caused mainly by increases in fuel costs resulting in higher transport services prices.
Quarter on quarter, CSPI rose by 0.8 per cent reflecting price rises across a wide range of corporate services. In addition to transport related industries, significant price increases were observed in waste disposal services (up 3.7 per cent), real estate services (up 2.6 per cent), employment agencies (up 1.7 per cent) and canteens and catering (up 1.4 per cent). These increases have been partially offset by price decreases observed in business telecommunication services (down 1.5 per cent) and banking services (down 2.9 per cent).
The Corporate Services Price Indices net measure monitors the price changes of services supplied by businesses to other businesses, local and national government outside of the corporate services sector.
CSPI inflation is the percentage change in the net sector index compared with the same quarter in the previous year.
CSPIs are currently experimental and are therefore not classified as National Statistics.