In the 1st quarter of 2025, the Services Producer Price Index (SPPI) presented a year-on-year rate of change of 2.8%, decreasing by 1.1 percentage points (p.p.) compared to the rate observed in the previous quarter.

The quarterly rate of change of the total index was -0.1% (-3.7% in the previous period).

The annual average rate of change stood at 3.5% (4.0% in the 4th quarter of 2024).