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Producer Price Indices for Service Industries

Producer price indices for service industries measure the average change in prices received by producers of services. Producer prices are transacted prices received by local producers for their output, net of any discounts, premiums, rebates or allowances given to buyers but including surcharges.

The producer price indices in respect of selected service industries are compiled mainly from data on producer prices of service products collected through the Quarterly Survey of Service Industries (QSSI). For some service products where price data are currently collected through the Consumer Price Index (CPI) system, relevant data are extracted from the CPI system instead of being collected through QSSI.

Glossary of Terms

Term
Definition
Producer price index for industrial sector
Movement in producer price index for the industrial sector reflects changes in prices of local industrial output. Producer prices are selling prices (net of any discounts or rebates allowed to buyers, plus any surcharges) received by producers for their output. Transportation and other incidental charges are not included.
Producer price indices for service industries
Producer Price Indices for Service Industries measure the average change in prices received by producers of services. Producer prices are transacted prices received by local producers for their output, net of any discounts, premiums, rebates or allowances given to buyers but including surcharges.