PRODUCER PRICE INDEX (SERVICES) - September 2017

FBoS Release No: 81, 2017    
27th December 2017


The Producer Price Index (PPI) Services reported in this release covers land and water transportation services, as we progress our development of the index.
The 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:
1) as deflators to remove the effect of price changes in our Current Price Gross Domestic Product (GDP) estimates;
2) to provide an indicator of business inflation; and
3) as an indicator of the business cycles.
The Fiji Standard Industrial Classification (FSIC) 2010 has been used for classifying industries and services.

September Quarter Highlights

sppisept17aThe Land and Water transport index stood at 110.3 for the September quarter of 2017, representing an increase of 0.6 percentage points when compared to the same period in 2016.

However, when compared to the June quarter of 2017, the Land and Water transport index showed no change.

Contributing to the corresponding quarter increase were higher prices recorded for water transport and freight transport by road.

 

 

 

 

 

 

CLICK HERE FOR RELATED TABLES

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 for December Quarter 2017 will be released in March, 2018.

 

 

 

 

Print Friendly, PDF & Email