Air Travel Costs Jump 32% as Govt Releases Service PPI Data
What Happened
The Commerce and Industry Ministry released provisional Service PPI data for Q1 FY27, tracking price movements across seven service sectors. Air passenger service prices recorded the steepest increase, surging 31.94% year-on-year, while banking, telecom, insurance and railway services showed mixed trends.
Key Takeaways
The first-quarter Service Producer Price Index (PPI) showed a sharp rise in air passenger service prices, while most other service sectors recorded modest increases or remained stable.