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Geostat reveals Producer Price Indices for services in Georgia

Business Materials 22 June 2021 22:27 (UTC +04:00)
Geostat reveals Producer Price Indices for services in Georgia

BAKU, Azerbaijan, June 22

By Tamilla Mammadova – Trend:

Producer Price Index for Transportation and Storage Services decreased by 1.2 percent in May 2021 compared to the previous month, Trend reports citing the National Statistics Office of Georgia.

In the mentioned period the prices decreased by 0.4 percent for the group of land transport services and transport services via pipelines.

Along with this, the prices decreased for air transport services by 4.5 percent, while the prices remained unchanged for water transport services. Besides, the prices decreased for warehousing and support services for transportation by 3.1 percent.

Compared to May 2020 the overall index increased by 0.5 percent. The prices rose for land transport services and transport services via pipelines by 3.3 percent and also, for warehousing and support services for transportation by 4 percent. Along with this, a price decrease was registered for air transport services (-12.1 percent).

The total Producer Price Index for Telecommunication Services decreased by 0.2 percent compared to the previous month. In the mentioned period the prices were 1.8 percent lower for other telecommunications services.

The overall index went up by 0.1 percent compared to the same month of the previous year. Within the group the prices increased for wireless telecommunications services by 0.1 percent and also, for other telecommunications services by 0.6 percent

Producer Price Index for Accommodation and Food Services increased by 2.1 percent compared to the previous month. The prices were higher for accommodation services by 2.5 percent and also, for food and beverage serving services by 1.4 percent.

The overall index increased by 7.9 percent compared to May 2020. The prices increased by 12.9 percent for food and beverage serving services and by 0.1 percent for accommodation services.

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