The FINANCIAL - Producer Price Index for Industrial Products in Georgia

Producer Price Index for Industrial Products in Georgia

Producer Price Index for Industrial Products in Georgia

The FINANCIAL -- National Statistics Office of Georgia published October 2020 data for Producer Price Index for Industrial Products in Georgia.

In October 2020 the Producer Price Index for Industrial Products increased by 1.7 percent compared to the previous month, while compared to October 2019 the index growth amounted to 8.0 percent.

The prices for manufactured products increased by 2.1 percent compared to September 2020, resulting in a 1.68 percentage point contribution to the overall monthly PPI change. Within the group noteworthy price increases were registered for food products (2.8 percent) and basic metals (3.5 percent). In the same period the prices for electricity, gas, steam and air conditioning increased by 0.7 percent contributing 0.07 percentage points to the monthly index change. The prices decreased for products from mining and quarrying by 0.3 percent, contributing -0.02 percentage points to the monthly index change.

The annual PPI rate was mainly affected by price changes for the following products:

  • Manufactured products: the prices increased by 7.4 percent, contributing 5.99 percentage points to the overall annual index growth. There was a notable increase in the prices for the following subgroups: food products (10.6 percent), beverages (6.9 percent) and basic metals (5.3 percent);

  • Manufactured products: the prices increased by 7.4 percent, contributing 5.99 percentage points to the overall annual index growth. There was a notable increase in the prices for the following subgroups: food products (10.6 percent), beverages (6.9 percent) and basic metals (5.3 percent);
  • Water supply; sewerage, waste management and remediation services: the annual price increase amounted to 18.3 percent, which contributed 0.55 percentage points on the annual index growth;

  • Electricity, gas, steam and air conditioning: the annual price increase amounted to 3.7 percent, which contributed 0.37 percentage points on the annual index growth.
Author: The FINANCIAL

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