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.