Producer prices in Georgia rose 3.6 percent year-on-year in November of 2022, sharply easing from 5.6 percent in the previous month. It was the lowest rate since February of 2019, as prices eased for manufacturing (6.9 percent vs 9.8 percent). At the same time, prices further declined for mining & quarrying (-17.8 percent vs 19.20 percent), electricity, gas, steam & air conditioning (-5.3 percent vs -5.8 percent), and water supply, sewerage, waste management & remediation services (-2.9 percent vs -2.4 percent). On a monthly basis, producer prices showed no growth, after a 0.8 percent fall in the previous month. source: National Statistics Office of Georgia

Producer Prices Change in Georgia averaged 6.96 percent from 2002 until 2022, reaching an all time high of 20.30 percent in December of 2021 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 January of 2023.

Producer Prices Change in Georgia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Producer Prices Change is projected to trend around 6.00 percent in 2024, according to our econometric models.

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Georgia Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-11-21 07:00 AM Oct 5.6% 9.2% 8.5%
2022-12-20 07:00 AM Nov 3.6% 5.6% 5.1%
2023-01-20 07:00 AM Dec 3.6% 3%


Related Last Previous Unit Reference
GDP Deflator 108.00 108.30 points Sep 2022
CPI Transportation 97.33 98.61 points Dec 2022
CPI Housing Utilities 100.79 101.72 points Dec 2022
Inflation Rate MoM -0.30 0.50 percent Dec 2022
Producer Prices Change 3.60 5.60 percent Nov 2022
Producer Prices 224.10 224.20 points Nov 2022
Import Prices 97.70 99.70 points Nov 2022
Export Prices 99.10 98.20 points Nov 2022
Core Inflation Rate 7.10 7.30 percent Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.60 5.60 20.30 -9.76 2002 - 2022 percent Monthly

News Stream
Georgia Producer Inflation Lowest in Over 3 Years
Producer prices in Georgia rose 3.6 percent year-on-year in November of 2022, sharply easing from 5.6 percent in the previous month. It was the lowest rate since February of 2019, as prices eased for manufacturing (6.9 percent vs 9.8 percent). At the same time, prices further declined for mining & quarrying (-17.8 percent vs 19.20 percent), electricity, gas, steam & air conditioning (-5.3 percent vs -5.8 percent), and water supply, sewerage, waste management & remediation services (-2.9 percent vs -2.4 percent). On a monthly basis, producer prices showed no growth, after a 0.8 percent fall in the previous month.
2022-12-20
Georgia Producer Prices Rise the Least in Almost 2 Years
Producer prices in Georgia rose 5.6% year-on-year in October 2022, sharply easing from a 9.2% gain in the previous month. It was the lowest inflation since August 2020 as manufacturing prices rose at softer pace (9.8% vs 14%). Additionally, costs continued to decline for mining & quarrying (-19.2% vs -15.7%), electricity, gas, steam & air-conditioning (-5.8% vs -5.9%) and water supply, sewerage, waste management & remediation services (-2.4% vs -2.5%). On a monthly basis, producer prices declined 0.8%, following a 0.6% gain in the prior month.
2022-11-21
Georgia Producer Prices Rise the Least Since October 2020
Producer prices in Georgia increased 9.2 percent from a year earlier in September of 2022, easing from an 11 percent rise in the previous month. It was the lowest producer inflation since October 2020, amid declines in prices of mining & quarrying (-15.7 percent vs -14.6 percent in August), electricity, gas, steam & air conditioning (-5.9 percent vs 0.1 percent) and water supply, sewerage, waste management & remediation services (-2.5 percent vs -0.2 percent). At the same time, inflation slowed for manufacturing (14 percent vs 15.2 percent). On a monthly basis, producer prices rose 0.6 percent, following a 0.1 percent fall in the prior month.
2022-10-20