PRODUCER PRICE INDEX (Services) - December 2015

FBoS Release No: 12, 2016
31st March 2016



The experimental Producer Price Index (Services) measures changes in the average prices received by domestic service producers for a selected range of services. The main uses of the Index are to provide: 1) deflators to estimate Gross Domestic Product (GDP) at Constant Prices. 2) a short term indicator of the business cycle.
The Fiji Standard Industrial Classification (FSIC) 2010 has been used for classifying industries and services.

At this moment, the PPI (Services) survey only covers land transportation services. The index is published to engage users in the ongoing development of the methodology.

December Quarter Highlights

sppiDec15a


The Land transport index stands at 110.0 for the December quarter of 2015, representing no change when compared to a year earlier and to September quarter of 2015.

Annual 2015 Highlights
The annual Land transport index for 2015 stands at 110.0, representing no change over the annual 2014 index. Following are the detailed highlights:

sppiDec15b

Other Passenger Land Transport
The annual 2015 PPI for other passenger land transport stands at 109.5, which is unchanged over the annual 2014 PPI.

 

 

 

 

 

 

sppiDec15cFreight Transport By Road
The annual 2015 PPI for freight transport by road stands at 112.5, a slight decline of 0.1 per cent over the annual 2014 PPI of 112.6.

The decline in the freight transport by road index was due to decline in fuel prices.

 

 

 

 

 

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For further enquiries, please contact Ms. Komal Devi on email or telephone 331 5822 (ext. 386 239) or direct line 323 0839.

The Producer Price Index (Services) for March Quarter 2016 will be released by end of June, 2016.