UK SPPI: all services excluding financial services
UK SPPI: all services excluding financial services stood at 131.9 in Q2 2026, according to Office for National Statistics (ONS). It is one of the indicators in the Services producer prices table (Value · Quarterly), with a complete series running from Q1 1998 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Services producer prices table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All services, excluding financial services | 131.9 | 129.6 | 128.6 | 127.2 | 126.6 | 125.5 | 124.7 | 124.8 | 124.1 | 122.7 | |
| All services, services group basis | 131.9 | 129.6 | 128.6 | 127.2 | 126.6 | 125.5 | 124.7 | 124.8 | 124.1 | 122.7 |
Understanding UK SPPI: all services excluding financial services
Headline corporate services inflation across the United Kingdom is captured here through an aggregate that intentionally omits banking, insurance, and auxiliary financial intermediation. The measure traces output prices charged by domestic service providers to other businesses and public sector bodies. By stripping out the volatile and methodologically distinct charges associated with financial spreads and risk intermediation, it isolates price momentum across business-to-business commerce, logistics, digital services, and professional administration. It differs from total output indices by serving as an unweighted or sector-bounded benchmark for analysts assessing underlying corporate service cost pressures without distortion from financial trading fees.
Quarterly observations are published on an unadjusted basis, meaning recurring patterns in procurement cycles and annual tariff resets remain visible in the numbers. Early estimates are routinely subject to revision as late survey returns from service providers are integrated. Analysts should rely on year-on-year growth rates to strip out predictable seasonal fluctuations in corporate contract renewals. Because this series reflects only domestic business-to-business transactions, it should not be compared directly with consumer price indices, which include consumer-facing subsidies, value added tax, and retail margins.
Frequently asked questions
- Why are financial services excluded from this aggregate?
- Pricing financial intermediation involves measuring interest rate spreads and implicit margins rather than direct transaction fees, which requires a distinct statistical approach.
- Does this index measure costs paid to foreign service providers?
- No, the survey tracks only prices charged by service providers operating within the United Kingdom to domestic business clients.
- Should quarterly or annual percentage changes be used for contract escalation?
- Annual comparisons are generally preferred because they eliminate recurring seasonal variations in contract renewal terms and fee renegotiation cycles.