Manufacturing costs decrease in Georgia
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Georgian producers are dropping the cost of Georgia-made products to keep up with decreasing manufacturing costs, meaning consumers are paying less for basic services and goods.
In May 2016 the Producer Price Index (PPI) for industrial products decreased 0.4 percent over April 2016, said the National Statistics Office of Georgia (Geostat).
Year-on year (y/y) the PPI declined 2.8 percent however it was still 22.4 percent higher compared to the 2010 average, revealed Geosat.
The decrease of Georgia’s monthly PPI rate in May was mainly driven by a 8.2 percent price decrease for mining and quarrying, which had a downward effect of -0.33 percentage points on the overall monthly index change.
Prices were also lower for electricity, gas and water (-1.6 percent) and its impact on the overall index change amounted to -0.22 percentage points.
The annual PPI rate was mainly affected by price changes for the following sections:
Manufacturing: prices for the section went down 4.8 percent with the relevant contribution of -4.02 percentage points to the overall annual PPI change.
Supply of electricity, gas and water: prices for the section increased 17.4 percent and contributed 2.20 percentage points to the overall PPI rate.
Georgian producers are dropping the cost of Georgia-made products to keep up with decreasing manufacturing costs, meaning consumers are paying less for basic services and goods.
Georgian producers are raising the prices of Georgia-made products to keep up with growing manufacturing costs, meaning consumers are paying more for basic services and goods.
Electricity, gas and water costs up 3.7% in January 2016
The Producer Price Index (PPI), that measures price changes of a basket of goods and services sold by manufacturers in the wholesale market, is increasing month-on-month in Georgia.
The Producer Price Index (PPI) for industrial products is decreasing month-on-month in Georgia, while it is on rise year-on-year (y/y).
Life is getting expensive, but just how expensive is it to live in Georgia? While the minimum amount of money needed to survive in Georgia is increasing, latest statistics show the cost of some basic food items is dropping thanks to a slight fall in the monthly inflation rate.
The cost to manufacture food and to buy chemical products and tobacco are on the rise in Georgia, however prices of some food items are dropping thanks to a slight fall in the monthly inflation rate.
Georgian producers are increasing the cost of locally-made products to keep up with growing manufacturing costs meaning consumers are now paying more for basic goods and services.
Georgian producers are slightly increasing the cost of locally-made products to keep up with growing manufacturing costs, meaning consumers are now paying more for basic goods and services.
Georgian producers are having to raise the cost of locally-made products to keep up with growing manufacturing costs, meaning consumers are now paying slightly more for basic goods and services.
Producers in Georgia are increasing the cost of locally-made products to keep up with growing manufacturing costs, meaning consumers are now paying slightly more for basic goods and services.