Price of goods increases in Georgia
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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.
In July 2016 the Producer Price Index (PPI) for industrial products was 1.5 percent higher than in June 2016, said the National Statistics Office of Georgia (Geostat).
Year-on year (y/y) the PPI declined 2.3 percent however it was still 21.8 percent higher compared to the 2010 average, revealed Geosat.
The increase of Georgia’s monthly PPI rate in July was mainly driven by a 1.5 percent price increase for manufacturing, which had an upward effect of 1.27 percentage points on the overall monthly index change.
In the manufacturing section, prices rose almost 10 percent for manufacture of basic metals and fabricated metal products.
In the reporting period prices for mining and quarrying increased 7.5 percent and this category contributed 0.29 percentage points to the overall index change.
The annual PPI rate was mainly affected by price changes for the following sections:
Manufacturing: Prices edged down 5.4 percent with an impact of -4.57 percentage points on the overall annual PPI change.
Supply of electricity, gas and water: Prices increased 19.4 percent and contributed 2.43 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 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 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.