Producer Price Index for services up in Georgia

Producer Price Index for services up in Georgia

access_time2023-03-21 16:35:26

Producer Price Index for Transportation and Storage Services increased by 0.9 percent compared to the previous month and by 0.7 percent compared to February 2022; Producer Price Index for Telecommunication Services decreased by 0.05 percent compared to the previous month, while the overall annual index went up by 2.3 percent; Producer Price Index for Accommodation and Food Services decreased by 0.1 percent compared to the previous month, while the overall annual index increased by 14.3 percent.


Producer Price Index for Transportation and Storage Services increased by 0.9 percent compared to the previous month. In the mentioned period the prices increased by 0.3 percent for the group of land transport services and transport services via pipelines. Along with this, the prices increased for air transport services by 3.8 percent. Also, the prices were 0.6 percent higher for warehousing and support services for transportation. Compared to February 2022 the overall index increased by 0.7 percent. In the mentioned period the prices went up for land transport services and transport services via pipelines by 3.1 percent, while for air transport services the prices decreased by 7.3 percent. The prices decreased for warehousing and support services for transportation by 5.2 percent, while prices for water transport services remained unchanged.



The total Producer Price Index for Telecommunication Services decreased by 0.05 compared to the previous month. Prices for wired telecommunications services remained unchanged during the mentioned period, while prices for other telecommunications services decreased by 1.3 percent. The overall index went up by 2.3 percent compared to the same month of the previous year. In the mentioned period the prices went up for wired telecommunications services by 3.7 percent and for other telecommunications services prices decreased by 1.1 percent.


Producer Price Index for Accommodation and Food Services decreased by 0.1 percent compared to the previous month. The prices were lower for accommodation services by 0.5 percent. Moreover, the prices for food and beverage serving services increased by 0.2 percent. The overall index posted a 14.3 percent increase compared to February 2022. The prices increased by 15.8 percent for food and beverage serving services and by 13.2 percent for accommodation services.

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