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Review of producer price indices for services in Georgia

Business Materials 21 December 2020 16:04 (UTC +04:00)
Review of producer price indices for services in Georgia

BAKU, Azerbaijan, Dec. 21

By Tamilla Mammadova – Trend:

Producer Price Index for Transportation and Storage Services increased by 1.1 percent in November 2020 compared to the previous month in Georgia, Trend reports referring to National Statistics Office (Geostat).

The prices were 1.1 percent higher for land transport services and transport services via pipelines. Moreover, the prices increased for air transport services and warehousing and support services for transportation by 0.5 percent and 2.2 percent, respectively.

Compared to November 2019, the overall index fell by 2.9 percent. Within the group noteworthy price decrease was registered for air transport services (-39.2 percent). Furthermore, the prices increased for land transport services and transport services via pipelines by 5.3 percent and also, for warehousing and support services for transportation by 5.4 percent.

Producer Price Index for Telecommunication Services was unchanged compared to the previous month.

The overall index decreased by 5.8 percent compared to the same month of the previous year. Within the group the prices declined for wireless telecommunications services and other telecommunications services by 9.5 percent and 4.1 percent, respectively.

Producer Price Index for Accommodation and Food Services increased by 0.2 percent compared to the previous month. The prices rose for food and beverage serving services by 0.8 percent.

Moreover, the prices for accommodation services declined by 1.6 percent. The overall index increased by 3.4 percent compared to November 2019. The prices increased for food and beverage serving services by 6.8 percent, while the prices for accommodation services decreased by 5.3 percent.

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