Air passenger service prices jumped nearly 32% year-on-year in the first quarter of FY27, while prices across other services showed a mixed trend, according to India’s latest Service Producer Price Index (Service PPI) released Monday.
The data, which is released quarterly, shows an early view of price movements on the producer side of the services economy, although the index currently covers only seven services and does not represent the entire sector.
The Air (Passenger) Service Price Index rose to 126.4 in Q1 FY27 from 106.9 in Q4 FY26, translating into a 31.94% year-on-year increase. It was the sharpest annual increase among the seven services covered in the latest release.
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The data released by the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), also showed that management of pension funds recorded 5.2% inflation, while railway services rose 1.27%, insurance 0.98% and telecom 0.72%.
At the other end, the Banking Service Price Index fell 3.35% year-on-year, while the Securities Transaction Service Price Index declined 1.32%.
