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Annual core inflation stood at 4.4% (compared to 5.2% y/y in December), while annual core inflation without tobacco amounted to 3.4% y/y (3.7% y/y in December).
4.2.2 PPI dynamic
Georgia’s PPI for industrial products up 7.8% y/y in December
Georgia’s Producer Price Index (PPI) for industrial products increased by 7.8% y/y in December, falling from 8.5 y/y in the previous month and the highest of 11.2% in September, according to the national statistics office.
It was the lowest producer inflation since June last year as cost decreased for manufacturing, electricity, gas, steam and air conditioning supply and mining. On a monthly basis, producer prices went down by 0.5% in December.
4.3 Fixed investment
Georgia -Fixed capital 2013 2014 2015 2016 2017 2018 1Q19 2Q19 3Q19 investment
Gross fixed investment capital formation (GEL mn)
3,540.5 4,260.5 3,951.7 4,358.8 4,481.7 4,764.4 893.1 1,172.9
Gross fixed capital formation (% of GDP)
24.6% 29.5% 31.3% 32.4% 31.6% 33.8% 27.6% 32.1% 26.4%
Source: CEIC
16 GEORGIA Country Report February 2020 www.intellinews.com
