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The Knowledge Centre
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CILT from the CILT

Cost Indices for Logistics and Transport 

So good they named it twice? No, this is the Cost Indices for Logistics and Transport from The Chartered Institute of Logistics and Transport!

Or, find out more:

So what am I looking at?

You’re looking at the changes in 10 indices from the CPI and another 10 from the SPPI. The CPI and SPPI are also included at total level.

What is the CPI: Consumer price indices measure the change in the general level of prices charged for goods and services bought for the purpose of consumption in the UK. In the UK, there are two main measures of inflation, the Consumer Prices Index (CPI) and the Retail Prices Index (RPI). The Government’s inflation target is based on the CPI. The Bank of England’s Monetary Policy Committee sets interest rates to meet this target. Until December 2003, the CPI was published in the UK as the Harmonised Index of Consumer Prices (HICP). Although the name has changed, the CPI and HICP remain one and the same index, calculated according to rules specified in a series of European Regulations. Here are a couple of explanatory links – the first short and sweet, the second more detailed.

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So what is the SPPI?

What is the SPPI: The Services Producer Price Index (SPPI), formerly the Corporate Services Price Index (CSPI) is a quarterly survey of prices charged for a range of services provided by businesses to other businesses and government – it is essentially measures B2B services prices. It is published in both Net Sector Output and Gross Sector Output format. The net series is scoped to monitor the corporate-service activity provided to other businesses and government organisations, outside the corporate-services sector. We have shown the gross series, which is scoped to monitor the provision of corporate services to all businesses and government organisations. Here’s a short explanation.

The changes in these indices are shown as percentage increases (red) and decreases (green) in prices to the consumer and to businesses over the last 5 years, year and quarter.

The indices have been chosen to be those most likely to be of interest to CILT(UK) members, either directly, or for comparison with others – so they include the cost of running your own car/personal transport equipment, including the fuel which forms a key part of that, as well as price changes in food and clothes; products which all of us use and that some of our members move around. In the case of the CPI, Index 07 Transport (ie the cost of transport to the individual), contains all of the other elements shown, along with some others that are not shown, and 07.2 contains 07.2.2.

We’ll be aiming to update this each time the Office for National Statistics website publishes updates to the SPPI, and also aiming to provide short commentary on a couple of indices each quarter.

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Give us your feedback

Between the CPI and the SPPI, we have indices that cover services our industries provide to corporate and individual customers, some of the services our industry uses and some of the goods that it delivers. Please visit the e-discussion area and give us your feedback.

The original source of information on which some of these descriptions are based is the National Statistics website: http://www.statistics.gov.uk/ - reproduced under the terms of the Click-Use Licence.

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 Designed & prepared for CILT(UK) by Kirsten Tisdale, http://www.aricia.ltd.uk/