August 24, 2026 2:35 PM
Commerce and Industry Ministry releases service PPI data
Air passenger service prices surged 31.94 per cent year-on-year in the first quarter of 2026-27, emerging as the sharpest price increase among the services tracked under India’s Service Producer Price Index (Service PPI) framework, according to provisional data released by the Ministry of Commerce and Industry on Monday. The Service PPI, with the base year 2022-23, covers seven services and is aimed at providing a systematic measure of price movements at the producer or service-provider level...