Page 19 - GEOGRptJun19

The prices of food and non-alcoholic beverages advanced by only 5.9% y/y, but made the strongest contribution to the annual inflation, at 1.82pp. Within the group prices were higher for the following subgroups: vegetables (25.8%), fish (13.9%), bread and cereals (11.3%) and meat (4.7%).
Prices decreased for fruit and grapes (-22.3%).
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.
19 GEORGIA Country Report June 2019 www.intellinews.com