In December 2022, the Service PPI increased by 1.41 percent compared to the previous month, by 78.72 percent compared to the same month of the previous year and by 89.94 percent compared to the twelve-month averages.
Thus, the services PPI marked the lowest annual increase in 10 months.
In November, the annual Service PPI increased by 0.25% compared to the previous month and by 98.82% compared to the same month of the previous year.
Transportation and storage services increased by 80.17 percent annually
Compared to the same month of the previous year, 80.17 percent in transportation and storage services, 89.99 percent in accommodation and food services, 63.97 percent in information and connection services, 73.24 percent in real estate services, 78 percent in vocational, scientific and technical services, 58, there was an 80.43 percent increase in administrative and supplementary services.
Compared to the previous month, 1.08 percent increase in transportation and storage services, 3.27 percent increase in accommodation and food services, 0.59 percent increase in information and connection services, 0.85 percent decrease in real estate services, vocational, scientific and technical services by 0.85 percent. There was an increase of 2.84 percent, an increase of 0.95 percent in administrative and basic services.
Compared to Annual Service PPI, 12 subsections changed lower and 15 subsections changed higher
Telecommunication services by 41.13 percent, storage and reinforcement services (for transportation) by 43.07 percent, and legal and accounting services by 47.55 percent, among the service PPI departments, were the sub-branches in which the indexes increased the least. On the other hand, programming and broadcasting services with 121.59 percent, advertising and market research services with 119.97 percent and veterinary services with 103.97 percent were the sub-sections where the indices increased the most.
Compared to the Monthly Service PPI, 16 subsections showed lower changes and 11 sub-sections showed higher changes.
Programming and broadcasting services by 12.59 percent, air transport services by 1.86%, and water transport services by 1.86 percent, among the H-PPI segments, were the sub-sectors where the indexes decreased the most. On the other hand, other vocational, scientific and technical services were the sub-sections with the highest increase, with 7.10 percent, movie theater, video and television program production services by 5.57 percent, and food and beverage presentation services by 4.25 percent.