India’s new service price gauge shows mixed Q1 trends; Air (Passenger) Service Price Index up 32%

Service PPI Q1 FY27: Air passenger prices surge 31.94 percent

Air passenger services recorded a significant increase in prices during Q1 FY27, with the Air (Passenger) Service Price Index rising to 126.4 from 106.9 in Q4 FY26. This represented a 31.94 per cent year-on-year increase, making air passenger services the fastest-rising category among the services covered under the Service PPI framework. The Service PPI is designed to provide a systematic measure of price movements at the producer or service-pro…

Air passenger service prices surge 31.94% in Q1 FY27

Air passenger service prices surged 31.94 per cent year-on-year in the first quarter of FY 2026-27, emerging as the sharpest price increase among services tracked under Indias

Service producer prices index mixed in Q1; air passenger services surge 32%

The service producer price indices have been compiled with 2022-23 as the base year. The government said weights have not been assigned to the seven services at the aggregate level as they do not cover the entire services sector

Air passenger service prices surge 31.94% in Q1 FY27 under new Service PPI framework

Air passenger service prices soar 31.94% in Q1 FY27 under India's new Service PPI framework, indicating significant inflation.

India’s new service price gauge shows mixed Q1 trends; Air (Passenger) Service Price Index up 32%

Air passenger service prices jumped nearly thirty-two percent year-on-year in the first quarter of FY27. Other services showed mixed price trends, with banking and securities transactions declining. Management of pension funds and railway services recorded modest price increases during this period. This new Service Producer Price Index offers an early view of producer-level price movements. The index currently covers only seven selected services…

Airfares rise 32%, railway fares 3.5% in June quarter

Air passenger service prices saw a 32 per cent annual inflation in the June quarter, recording the highest rate of price rise among the seven major services for which the inflation data was released on Monday.