Page 21 - GEORptJun22

Industrial production rose 34.3% y/y in Q3
Georgia’s industrial production rose 34.3% in the third quarter of 2021, down from a surge of 47.8% in the previous quarter, according to the National Statistics Office of Georgia (Geostat). Production expanded at a faster pace for almost all sectors such as manufacturing, mining and utilities.
4.2 Inflation 4.2.1 CPI dynamics
Annual inflation in Georgia hits 12.8%
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%).
The National Bank of Georgia said the high inflation rate would continue to persist in January and February, before beginning to decline gradually starting in the spring, noting that a surge in consumer commodity prices on international markets, transmitted to the local market through imported raw
21 GEORGIA Country Report June 2022 www.intellinews.com