Producer Prices in Georgia increased 12.70 percent in May of 2020 over the same month in the previous year.

Producer Prices Change in Georgia averaged 6.04 percent from 2002 until 2020, reaching an all time high of 19 percent in October of 2007 and a record low of -9.76 percent in April of 2009. This page provides - Georgia Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Producer Prices Change in Georgia is expected to be 13.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Georgia to stand at 7.50 in 12 months time. In the long-term, the Georgia Producer Prices Change is projected to trend around 7.10 percent in 2021 and 6.60 percent in 2022, according to our econometric models.

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Georgia Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
12.70 10.10 19.00 -9.76 2002 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-20 07:00 AM PPI YoY Feb 6.7% 7.1% 8.9%
2020-04-21 07:00 AM PPI YoY Mar 8.7% 6.7% 6.2%
2020-05-20 07:00 AM PPI YoY Apr 10.1% 8.7% 6.9%
2020-06-19 07:00 AM PPI YoY May 12.7% 10.1% 12.5%
2020-07-20 07:00 AM PPI YoY Jun 12.7% 13.8%
2020-08-20 07:00 AM PPI YoY Jul
2020-09-21 07:00 AM PPI YoY Aug
2020-10-20 07:00 AM PPI YoY Sep 5.5%


News Stream
Georgia Producer Prices Rise the Least in 4 Months
Producer prices in Georgia increased 9.2 percent year-on-year in October 2019, following a 11.2 percent rise in the previous month. This was the lowest producer inflation since June, as cost advanced softer for both manufacturing (9.7 percent from 11.9 percent in September) and mining & quarrying (16.7 percent from 21.5 percent). Meantime, prices of electricity, gas, steam and hot water went up faster (2.0 percent from 1.9 percent). On a monthly basis, producer prices went down 0.3 percent, after a 1 percent gain in September.
2019-11-20
Georgia Producer Inflation Rises to Near 2-Year High
Producer prices in Georgia increased 11.2 percent year-on-year in September 2019, following a 11.1 percent rise in the previous month. It remained the highest producer inflation since November 2017, as cost advanced further for manufacturing (11.9 percent from 11.8 percent in August) and electricity, gas, steam and hot water (1.9 percent from 1.1 percent). Meanwhile, prices of mining & quarrying slowed (21.5 percent from 21.8 percent). On a monthly basis, producer prices went up 1 percent, after a 2 percent gain in August.
2019-10-21
Georgia Producer Inflation at Near 2-Year High of 11.1%
Producer prices in Georgia rose 11.1 percent year-on-year in August of 2019, up from a 10.7 percent jump in the previous month. It was the highest producer inflation since November of 2017, as cost advanced faster for mining & quarrying (21.8 percent vs 19.3 percent in July). Also, prices rebounded for electricity, gas, steam and hot water (1.1 percent vs -14 percent) while cost slowed for manufacturing (11.8 percent vs 12 percent). On a monthly basis, producer prices increased 2 percent, following a 3.2 percent gain in July.
2019-09-20
Georgia Producer Inflation Highest since 2017
Producer prices in Croatia went up 10.7 percent year-on-year in July of 2019, following a 6.4 percent increase in the previous month. It was the highest producer inflation since November 2017, as manufacturing prices advanced faster (12 percent vs 8.8 percent in June); in particular food products, beverages and tobacco (12.1 percent vs 9.6 percent), basic metals and fabricated metal products (16.1 percent vs 8.5 percent) and pulp, paper and paper products (35.5 percent vs 27.3 percent). In addition, mining & quarrying cost rose further (19.3 percent vs 5.5 percent) while electrical energy, gas, steam and hot water prices declined at a softer pace (-1.4 percent vs -8.6 percent). On a monthly basis, producer prices went up 3.2 percent, following a 1.2 percent rise in the prior month.
2019-08-20

Georgia Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.