Producer Price Index for Industrial Products in Georgia

Producer Price Index for Industrial Products in Georgia

Producer Price Index for Industrial Products in Georgia

The FINANCIAL -- In July 2018 the Producer Price Index (PPI) for Industrial Products decreased by 0.8 percent over June 2018, while the index increased by 5.7 percent compared to July 2017.

Prices for manufactured products decreased by 0.9 percent compared to the previous month, re- sulting in a -0.71 percentage point contribution to the overall monthly PPI change. There was a decrease in prices for food products, beverages and tobacco (-1.1 percent), basic metals and fab- ricated metal products (-2.6percent), also for chemicals, chemical products and man-made fibers (-1.2 percent).

Prices decreased by 4.5 percent for the group of products from mining and quarrying, contributing -0.29percentage points to the overall index change.

The annual PPI rate was mainly affected by price changes for the following products:

Manufactured products: prices increased by 4.2 percent, contributing 3.48 percentage points to the overall annual index growth. There was an increase in prices for food products, beverages and tobacco (3.2 percent), also for basic metals and fabricated metal products (7.2 percent);

Electrical energy, gas, steam and hot water: prices increased by 14.8 percent and contributed 2.01 percentage points to the overall PPI change.

The following table presents the Producer Price Index over June 2018 and July 2017, with the rele- vant contributions of the products to the changes in the overall index.