Producer prices in Georgia increased by 14.2 from a year earlier in May of 2022, easing from a 15.4% rise in the previous month. It was the lowest producer inflation since December 2020, due to a softer rise in prices of both manufacturing (19.6 percent vs 20.5 percent) and water supply, sewerage, waste management and remediation services (5.3 percent vs 6.9 percent), amid declines in prices of mining and quarrying (-9.3 percent vs 2.1 percent). Meanwhile, prices of electricity, gas, steam and air conditioning supply continued to decrease (-7.5 percent vs -10.2 percent in April). On a monthly basis, producer prices dropped by 1.2%, following a 0.1% fall in the prior month. source: National Statistics Office of Georgia

Producer Prices Change in Georgia averaged 6.90 percent from 2002 until 2022, reaching an all time high of 20.30 percent in December of 2021 and a record low of -9.76 percent in April of 2009. This page provides - Georgia Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Producer Prices Change in Georgia is expected to be 14.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Producer Prices Change is projected to trend around 8.70 percent in 2023 and 8.00 percent in 2024, according to our econometric models.

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Georgia Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-05-20 07:00 AM Apr 15.4% 19.3% 16.1%
2022-06-20 07:00 AM May 14.2% 15.4% 15.6%
2022-07-20 07:00 AM Jun 14.2%


Related Last Previous Unit Reference
GDP Deflator 108.70 110.80 points Mar 2022
CPI Transportation 99.96 103.22 points May 2022
CPI Housing Utilities 106.20 100.42 points May 2022
Core Inflation Rate 5.90 5.00 percent May 2022
Producer Prices Change 14.20 15.40 percent May 2022
Producer Prices 231.50 234.50 points May 2022
Inflation Rate Mom 1.10 1.80 percent May 2022
Import Prices 97.70 107.60 points Apr 2022
Export Prices 96.90 105.60 points Apr 2022

Georgia Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
14.20 15.40 20.30 -9.76 2002 - 2022 percent Monthly

News Stream
Georgia Producer Inflation Eases to 17-Month Low
Producer prices in Georgia increased by 14.2 from a year earlier in May of 2022, easing from a 15.4% rise in the previous month. It was the lowest producer inflation since December 2020, due to a softer rise in prices of both manufacturing (19.6 percent vs 20.5 percent) and water supply, sewerage, waste management and remediation services (5.3 percent vs 6.9 percent), amid declines in prices of mining and quarrying (-9.3 percent vs 2.1 percent). Meanwhile, prices of electricity, gas, steam and air conditioning supply continued to decrease (-7.5 percent vs -10.2 percent in April). On a monthly basis, producer prices dropped by 1.2%, following a 0.1% fall in the prior month.
2022-06-20
Georgia Producer Inflation Growth Eases in April
Producer prices in Georgia rose by 15.43% from a year earlier in April of 2022, after a 19.3% rise in the previous month. It was the lowest level in the last seven months. On a monthly basis, producer prices declined by 0.1%, after a 3.8% increase in the prior month.
2022-05-20
Georgia Producer Inflation Highest Since 2011
Producer prices in Georgia rose by 17.2 percent year-on-year in November of 2021, after a downwardly revised 16.8 percent gain in the previous month. The latest figure marked the highest producer inflation since March 2011, amid persistent supply chain disruptions and surging energy cost. On a monthly basis, producer prices went up 1.9 percent in November following a 2.3 percent rise in October.
2021-12-20