Land Transport Services - Experimental Series
FBoS Release No: 60, 2016
30th September 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.
June Quarter Highlights
The Land transport index stood at 110.3 for the June quarter of 2016, representing an increase of 0.3 percentage points when compared to a year earlier and no change when compared to the March quarter of 2016. The movement in the producer prices of freight transport by road when compared to a year earlier was due to increase in operational costs.
The Producer Price Index (Services) for September Quarter 2016 will be released in December, 2016.