Government
INDIA'S INAUGURAL SERVICE PPI SHOWS 32% JUMP IN AIRFARES, BANKING DEFLATION
NeutralGovernment
India's first quarterly Service Producer Price Index (SPPI) for Q1 FY27 revealed significant divergence across sectors. Air passenger service prices surged 31.94% year-on-year, while banking service prices recorded deflation of 3.35%. The new index, which also covers sectors like insurance and telecom, provides a key measure of inflation at the production level for the services-dominated economy.
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