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Release: Services Producer Price Index, Quarter 2 2015

Released: 26 August 2015 (Latest) Next edition: 25 November 2015

Contact

Kat Pegler

Business Prices

sppi@ons.gsi.gov.uk

Telephone: +44 (0)1633 456468

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

Frequency of release: Quarterly

Language: English

Geographical coverage: UK

Geographical breakdown: UK

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

  • The price of services sold by UK companies, as estimated by the aggregate Services Producer Price Index (SPPI), increased 0.5% in the year to quarter 2 (Apr to June) of 2015, compared with an increase of 0.6% in the year to quarter 1 (Jan to Mar) of 2015.

  • Between quarter 1 and 2 of 2015, the aggregate SPPI rose by 0.3%, compared with an increase of 0.2% between quarter 4 (Oct to Dec) of 2014 and quarter 1 of 2015.

  • Professional, scientific and technical activities, and real estate activities provided the greatest upward contributions to the annual rate of inflation. This was partially offset by a fall in prices for water supply, sewerage and waste management services.

  • Real estate activities showed the largest rise in prices, with prices increasing by 3.3% in the year to quarter 2 of 2015.

  • Water supply, sewerage and waste management services continued to show the largest fall in prices, decreasing by 6.7% in the year to quarter 2 of 2015.

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.

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

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