Service producer prices - Index (2015 = 100)

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Dataset information

Catalog

Eurostat

Country of origin

EU institutions

Updated

Created

2015.10.16

Available languages

English

Keywords

Datasource

Official portal for European data link

Quality scoring

295

Dataset description

The service producer price index (SPPI) is defined as an output price index for the service production of resident producers. It has two main goals. The first is to be a short-term indicator of the business cycle. In this respect SPPI has to reflect changes in prices as fast as possible. The second is to be a suitable deflator for value developments. SPPI should thus represent all output as defined in National Accounts and follow, as closely as possible, the accrual principle in recording prices. Data are not seasonally adjusted.

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