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Service Producer Price Indices (SPPIs) Methodology by Office of the Economic Adviser, DPIIT

By TEAM CIRCULAR EXPRESS • 21 Oct 2026
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• This document outlines the methodology for Service Producer Price Indices (SPPIs) issued by the Office of the Economic Adviser, DPIIT.
• SPPIs measure average price changes for seven services: Banking, Securities, Insurance, Pension Funds, Air Passenger, Railways, and Telecom.
• Indices are released quarterly with a 55-day lag.
• Data is sourced from regulators like RBI, SEBI, PFRDA, and service providers.
purpose of issuance
To provide technical details and methodology for the compilation of Service Producer Price Indices (SPPIs).
Most Important Details
The SPPI tracks price changes across seven key service sectors using a base period of 2022-23. Data is collected from administrative sources and service provider websites. Provisional indices are released 55 days after the quarter ends, with final figures released after an additional quarter's lag. The index is currently unweighted as it does not cover the entire service sector.
Name of Organisation
Office of the Economic Adviser (OEA), Department for Promotion of Industry & Internal Trade (DPIIT), M/o Commerce & Industry
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