The net sector aggregate of selected services producer prices indices 12 month inflation figure rose by 2.4% in the third quarter of 2011 and the gross sector aggregate also rose by 2% according to the latest statistical bulletin from the ONS. The net sector aggregate fell 0.1% between the second and third quarters and the gross aggregate by 0.2%. The 0.1% fall reflects decreases in prices in freight forwarding, advertising placement and sea and coastal water freight.
The services PPI (formerly the Corporate Services Price Index or CSPI) measures changes in the prices of services provided by UK businesses to other UK businesses and government.
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