Page 21 - GEORptJul22

Annual inflation in Georgia hits 12.8% in April
events in Ukraine and high prices on international markets for oil products, grain and other goods. In 2021, inflation in Georgia, according to the National Statistical Service, was 13.9%.
Georgian inflation hit 12.8% in April, according to the data of the National Statistical Service of Georgia, which was published on May 3. Compared to the previous month, consumer prices rose by 1.8%.
The main influence on the formation of annual inflation was exerted by price changes in the following groups: transport (growth by 22.4%); food and non-alcoholic beverages (up 21.3%); housing, water, electricity, gas (growth by 9.4%). The formation of the monthly inflation rate was mainly influenced by price changes in the following groups: clothing and footwear (growth by 4.9%); transport (growth by 3.7%); food and non-alcoholic beverages (up 3.3%).
In February, Georgia’s inflation rate was also 13.7%.
4.2.2 PPI dynamic
Georgia PPI for industrial products up 19.3% in March
Annual PPI for industrial goods was up 14.2% in May 2022, easing from a 15.4% growth in the previous month, according to Geostat.
Prices rose in manufacturing (+19.6% y/y) and water supply, sewerage, waste management and remediation services (+5.3% y/y), while price decline was seen in mining and quarrying (-9.3% y/y) and electricity, gas, steam and air conditioning (-7.5% y/y) continued to decrease.
21 GEORGIA Country Report July 2022 www.intellinews.com