Review of Producer Price Indices for Services in Georgia
BAKU, Azerbaijan, Sept. 21
By Tamilla Mammadova – Trend:
Producer Price Index (PPI) for Transportation and Storage Services decreased by 0.1 percent in August 2020 compared to the previous month in Georgia, Trend reports referring to the National Statistics Office of Georgia (Geostat).
The prices were 0.6 percent lower for air transport services, while for warehousing and support services for transportation by 0.1 percent.
Compared to August 2019, the overall index fell by 8.8 percent. Within the group noteworthy price decrease was registered for air transport services (-55 percent). Furthermore, the prices increased for land transport services and transport services via pipelines by 2.9 percent and also, for warehousing and support services for transportation by 2.5 percent.
Producer Price Index for Telecommunication Services decreased by 0.03 percent in August 2020 compared to the previous month.
The prices were lower mainly for other telecommunications services (-0.5 percent).
The overall index increased by 16 percent compared to the same month of the previous year. Within the group noteworthy price increase was registered for wireless telecommunications services (34.7 percent). Furthermore, the prices for wired telecommunications services declined by 1.4 percent.
Producer Price Index for Accommodation and Food Services increased by 0.4 percent compared to the previous month. The prices rose for food and beverage serving services and accommodation services by 0.3 percent and 0.5 percent, respectively.
The overall index increased by 3.6 percent compared to August 2019. The prices increased for food and beverage serving services by 3.2 percent, while for accommodation services by 4.4 percent.
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