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4.2.2 PPI dynamic
Georgia’s PPI for industrial products up 5.4% y/y in Mar
Georgia’s Producer Price Index (PPI) for industrial products increased by 5.4% y/y in March, rising from 3.3% y/y in the previous month, according to the national statistics office.
It was the highest producer inflation since October last year as cost increased faster for manufacturing (6.1% rise in March from 4% in February) and electricity, gas, steam and air conditioning supply (1.4% in March from 1.1% in February). Moreover, prices rebounded sharply for mining and quarrying (5.3% in March from -07%).
On a monthly basis, producer prices rose 1.1% after showing no growth in February.
17 GEORGIA Country Report July 2019 www.intellinews.com
