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2.1.4 Producer prices
In June 2023, the Producer Price Index (PPI) for industrial products in Georgia decreased by 0.3% compared to May 2023 and 6.0% compared to June 2022.
Prices for mining and quarrying products increased by 2.5% from May 2023, with notable rises in metal ores (2.9%). However, manufactured products decreased by 0.9%, particularly in basic metals (-8.6%).
Prices for electricity, gas, steam, and air conditioning increased by 3.1%. The annual PPI rate was influenced by significant declines in mining and quarrying products (-8.1%) and manufactured products (-5.8%), with notable decreases in chemicals and chemical products (-36.0%) and basic metals (-22.3%). Electricity, gas, steam, and air conditioning experienced an annual decrease of 4.0%, while water supply, sewerage, waste management, and remediation services decreased by 8.5%.
16 Central Asia & Caucasus Outlook 2021 www.intellinews.com
