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 July 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.