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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.
4.3 Fixed investment
Georgia’s fixed Georgia’s gross fixed capital formation was at $997.72 in December 2021, capital formation at up from 966.02mn in September.
$997.7mn in Q4
23 GEORGIA Country Report October 2022 www.intellinews.com