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Experimental index numbers for selected service industries - an introduction

7.1 In recognition of the increasing contribution of service industries to the Australian economy, the ABS has embarked on a long-term development program to progressively extend the scope of the producer price indexes into the service sectors of the economy. Similar initiatives are also being undertaken by statistical agencies in several other countries.

7.2 The main objectives of the development program are to generate additional price index series to:

• be of use in their own right for industry analysis;
  

• assist in improving the quality of the national accounts by providing a wider range of deflators for deriving real measures of economic growth; and
  

• contribute to the development of new measures of inflation through expanding the coverage of the indexes compiled under the SOP framework.