Service prices showed mixed trends in the first quarter of FY27. Airline and railway service prices saw notable increases during this period. Insurance and telecom services also recorded price hikes, while banking services declined. Securities transaction services experienced a price fall, reversing previous gains. Provisional data from the commerce ministry highlighted these varied movements.

Air passenger service prices jumped nearly thirty-two percent year-on-year in the first quarter of FY27. Other services showed mixed price trends, with banking and securities…

Air passenger service prices soar 31.94% in Q1 FY27 under India's new Service PPI framework, indicating significant inflation.