Service price indices

Output prices in the services sector: 4th quarter 2020

Economic indicators
Output prices in the services sector: 4th quarter 2020

In the fourth quarter of 2020, output prices for services decreased compared to the same quarter the year before. (-0.6%).

The sectors with the largest downward effect on inflation are:

  • NACE 5020 - Sea and coastal freight water transport
  • NACE 6100 - Telecommunications
  • NACE 7300 - Advertising and market research.

The sectors with the largest upward effect on inflation are:

  • Nace 6200 - Computer programming, consultancy and related activities
  • NACE 5210 - Warehousing and storage.
    Service price indices
    Content
      1st quarter 2th quarter 3th quarter 4th quarter Year
    Services - Total*
    2006 100.6 100.3 101.1 101.0 100.8
    2007 101.2 102.2 102.8 104.5 102.7
    2008 103.2 105.1 104.7 100.0 103.3
    2009 99.0 99.3 99.7 99.6 99.4
    2010 99.2 99.9 100.2 100.6 100.0
    2011 100.9 100.7 101.8 102.2 101.4
    2012 102.2 102.2 102.3 102.7 102.4
    2013 102.0 101.8 103.1 103.9 102.7
    2014 102.3 101.6 101.9 101.3 101.8
    2015 100.6 101.1 101.6 101.4 101.2
    2016 101.5 102.2 102.6 103.2 102.4
    2017 103.5 103.7 104.0 103.9 103.8
    2018 104.1 104.6 105.9 106.4 105.3
    2019 106.0 106.6 107.7 107.8 107.1
    2020 107.9 107.6 107.7 107.2 107.6
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    Purpose and brief description

    As the sector of services is steadily gaining importance compared to the sector of industry, an output price index for services was added to the European Regulation concerning short-term statistics. This new index will be calculated on a quarterly basis by Statbel.

    The output price index for services is currently measuring the change in prices with services companies from such branches as transport, information services and telecommunication. The field will be extended progressively, eventually to cover almost the full economic range of the services sector

    Population

    Enterprises

    Frequency

    Quarterly.

    Timing publication

    Results available 3 months after the reference period

    Metadata