This is an archived release.
Costs continue to increase
The cost index for buses had a 1.8 per cent hike from the 1st quarter 2013 to the same quarter in 2014. The index increased marginally in relation to the 4th quarter of 2013.
|Index level||Percentage change|
|1st quarter 2014||4th quarter 2013 - 1st quarter 2014||1st quarter 2013 - 3rd quarter 2013||3rd quarter 2013 - 1st quarter 2014||1st quarter 2013 - 1st quarter 2014|
|Cost index for passenger transport by bus. Total index||114.6||0.2||0.9||0.9||1.8|
|Labour costs. Sub index||119.2||0.8||1.4||1.6||3.0|
|Fuel costs. Sub index||120.0||0.2||1.9||0.2||2.0|
|Capital costs. Sub index||87.5||-4.6||-8.9||-2.5||-11.2|
|Repair and maintenance costs. Sub index||114.9||1.7||1.2||2.3||3.5|
|Administrative costs. Sub index||107.8||0.8||1.2||1.2||2.5|
The sub-indices for labour costs, diesel costs, administrative costs and maintenance costs increased simultaneously during the 1st quarter of 2014 compared to the same quarter last year. Although an increase in all sub-indices contributes positively to the total index, the sub-index for labour cost contributed the most due to its higher weight share. The sub-index for labour costs has a weight share of 55.8 per cent.
The index of capital costs decreased by 11.2 per cent compared to the first quarter of 2013. The decline is attributable to lower interest rates.