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cigarettes were charged a lower excise in the past). The price of domestically produced non-filtered cigarettes doubled on the year while the price of filtered cigarettes (local or foreign) surged by nearly 30%. The tobacco excise charged in Georgia is €0.56 per 20-cigarette pack, versus the €1.8 target set for 2024 under Tbilisi’s agreements with the European Union.
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 6.4% y/y in June, rising from 4.1% y/y in the previous month and 5.4% in March, according to the national statistics office.
It was the highest producer inflation since August last year as cost increased faster for manufacturing (6.1% rise in March) and electricity, gas, steam and air conditioning supply (1.4% in March). Moreover, prices rebounded sharply for mining and quarrying (5.3% in March).
On a monthly basis, producer prices rose 1.1% in March after showing no growth in February.
17 GEORGIA Country Report September 2019 www.intellinews.com
