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Geostat reveals PPI for services in Georgia

Business Materials 29 August 2021 14:00 (UTC +04:00)

BAKU, Azerbaijan, August 29

By Tamilla Mammadova – Trend:

Producer Price Index for Transportation and Storage Services increased by 2.4 percent in July 2021 in Georgia compared to the previous month, Trend reports via the National Statistics Office of Georgia (Geostat).

In the mentioned period the prices decreased by 0.1 percent for the group of land transport services and transport services via pipelines. Along with this, the prices increased for air transport services by 13.5 percent. Besides, the prices were 0.1 percent lower for warehousing and support services for transportation.

Compared to July 2020 the overall index increased by 2.9 percent. The prices rose for land transport services and transport services via pipelines by 2.6 percent, for air transport services by 3.8 percent, and also, for warehousing and support services for transportation by 3.9 percent.

The total Producer Price Index for Telecommunication Services decreased by 0.04 percent compared to the previous month. In the mentioned period the prices were 0.4 percent lower for other telecommunications services.

The overall index went down by 0.1 percent compared to the same month of the previous year. In the mentioned period the prices were 0.1 percent higher for wireless telecommunications services and 1.2 percent lower for other telecommunications services.

Producer Price Index for Accommodation and Food Services increased by 6.2 percent compared to the previous month.

The prices were higher for accommodation services by 9.7 percent and also, for food and beverage serving services by 0.4 percent. The overall index posted a 14.4 percent increase compared to July 2020. The prices increased by 11.6 percent for food and beverage serving services and by 7.7 percent for accommodation services.

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