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Rebasing the services producer price index

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  • Terry Bradley

    (Office for National Statistics)

Abstract

Rebasing the services producer price indexThe experimental services producerprice index (SPPI) was rebased as of 26November 2008, an exercise that hasre-referenced the index to 2005=100from its previous base of 2000=100.The weighting patterns have also beenupdated to refl ect market shares in thenew base year. This article briefl y describesthe development of the SPPI, constructionof the index, the methodology employedand weighting patterns calculations andcompares growth in both the net andgross sector indices on both bases.

Suggested Citation

  • Terry Bradley, 2008. "Rebasing the services producer price index," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 2(10), pages 64-66, December.
    • Handle: RePEc:pal:ecolmr:v:2:y:2008:i:12:p:64-66
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