Page 18 - GEORptFeb22

inflation and 5.0pp to the annual 13.9% y/y inflation.
4.2.2 PPI dynamic
Georgia PPI for industrial products up 3.8% m/m in December
Georgia’s producer price index (PPI) for industrial products was up by 3.8% m/m and 20.3% y/y in December 2021, according to new data released by Geostat.
The price for mining and quarrying products decreased 1.5% m/m in December, while the prices for manufactured products grew by 4.9%. Chemicals and chemical products registered the highest monthly increase at 57.6%. Year-on-year, the greatest changes were seen in products from mining and quarrying, with a 7.2% decrease (including a 17.8% drop y/y for metal ores in particular). Prices for manufactured products grew 24.9% y/y, including a 12.5% growth in food products and a 185% growth in chemical products, while electricity, gas, steam and air conditioning saw prices grow by 9.4% y/y. Prices for water supply, sewerage, waste management and remediation services grew by 6.4% y/y.
In April 2021, Georgia’s PPI recorded its highest annual rate in a decade, at 17.5% y/y (3.2% m/m).
18 GEORGIA Country Report February 2022 www.intellinews.com