The latest services PPI from the ONS says that 12 month inflation rose 2.9% in the first quarter of 2011 compared with a 2.7% rise in the last quarter of 2010. The latest quarter on previous quarter inflation figure was an increase of 1%.
The largest upward effect came from sorted recovered materials services with freight transport by road and freight forwarding also having an upward effect. Market research input inflation was 0.7% latest quarter on previous quarter and 1.3% annual inflation, advertising placement quarterly inflation was 2.5% and annual inflation 5.5%.
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