PRODUCER PRICE INDEX (SERVICES) -March 2017

FBoS Release No: 52, 2017
06th September 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.

 

March Quarter Highlights

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The Land and Water transport index stood at 109.7 for the March quarter of 2017, representing an increase of 0.9 percentage points when compared to a year earlier and 0.1 percentage points when compared to the December quarter of 2016.

Contributing to the increase were higher prices recorded for freight transport by road and water transport as a result of movement in the fuel price and other operational costs.

 

 

 

 

 

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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 for June Quarter 2017 will be released in December, 2017.