Service price inflation slides

Price rises on services remained slow in the third quarter, according to official data out yesterday, reaching their slowest pace of increase since the end of 2009. Services cost 1.1 per cent more in the third quarter of 2012 than in the same period of 2011, according to the service producer prices index from the Office for National Statistics, completely flat on the 1.1 per cent inflation seen in the second quarter.