Producer prices in Georgia increased 7.8 percent year-on-year in December 2019, following a 8.5 percent rise in the previous month. This was the lowest producer inflation since June. On a monthly basis, producer prices went down by 0.5 percent in December.

Producer Prices Change in Georgia averaged 5.97 percent from 2002 until 2019, 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.

Producer Prices Change in Georgia is expected to be 8.50 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 7.70 in 12 months time. In the long-term, the Georgia Producer Prices Change is projected to trend around 6.60 percent in 2020, according to our econometric models.


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Georgia Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
7.80 8.50 19.00 -9.76 2002 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-21 07:00 AM PPI YoY Sep 11.2% 11.1% 10.5%
2019-11-20 07:00 AM PPI YoY Oct 9.2% 11.2% 9.5%
2019-12-20 07:00 AM PPI YoY Nov 8.5% 9.2% 7.8%
2020-01-20 07:00 AM PPI YoY Dec 7.8% 8.5% 7.5%
2020-02-20 07:00 AM PPI YoY Jan 7.8% 8.3%


News Stream
2019-10-21
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.

2019-09-20
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.

2019-08-20
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.

2019-07-19
Georgia Producer Inflation Rate at 10-Month High of 6.4%
Georgia's producer prices increased 6.4 percent year-on-year in June 2019, following a 4.1 percent gain in the previous month. It was the highest producer inflation rate in ten months, as cost rose further for manufacturing (8.8 percent from 6.3 percent in May), in particular food products, beverages and tobacco (9.6 percent from 7 percent), basic metals and fabricated metal products (8.5 percent from 2 percent), chemicals (4.2 percent from 3.8 percent) and rubber & plastic (8.6 percent from 5.5 percent); and mining & quarrying (5.5 percent from 3.3 percent). Also, prices of electrical energy, gas, steam and hot water declined less (-8.6 percent from -10.2 percent). On a monthly basis, producer prices went up 1.2 percent, rebounding from a 1 percent decline in the prior month.

2019-06-20
Georgia Producer Inflation Slows to 4.1% in May
Georgia's producer prices rose 4.1 percent year-on-year in May 2019, easing from a 5.7 percent increase in the previous month. Cost of manufacturing slowed (6.3 percent from 6.7 percent in April), namely food products, beverages and tobacco (7 percent from 7.8 percent), basic metals and fabricated metal products (2 percent from 4.9 percent), chemicals (3.8 percent from 5.5 percent) and rubber & plastic (5.5 percent from 7.8 percent). Additionally, prices advanced less for mining & quarrying (3.3 percent from 4.2 percent) and cost electrical energy, gas, steam and hot water prices dropped (-10.2 percent from 0.9 percent). On a monthly basis, producer prices declined 1 percent, after a 0.2 percent gain in the prior month.

2019-05-20
Georgia Producer Inflation Hits 6-Month High
Georgia's producer prices increased 5.7 percent from a year earlier in April 2019, the most since October last year, following a 5.4 percent advance in the previous month. Main upward pressure came from: manufacturing (6.7 percent), in particular food products, beverages and tobacco (7.8 percent), basic metals and fabricated metal products (4.9 percent) and pulp, paper and paper products, recorded media, printing services (16.6 percent). In addition, mining & quarrying cost went up 4.2 percent and electrical energy, gas, steam and hot water prices rose 0.9 percent. On a monthly basis, producer prices increased 0.2 percent.


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.

Georgia Prices Last Previous Highest Lowest Unit
Inflation Rate 7.00 7.00 59.31 -3.30 percent [+]
Consumer Price Index CPI 138.00 137.40 138.00 51.80 points [+]
GDP Deflator 103.10 102.40 114.30 96.90 points [+]
Import Prices 101.10 100.80 106.40 94.80 points [+]
Producer Prices 162.10 163.00 163.00 54.73 points [+]
Producer Prices Change 7.80 8.50 19.00 -9.76 percent [+]
Inflation Rate Mom 0.40 0.90 3.53 -4.04 percent [+]
Food Inflation 12.30 13.40 30.70 -10.93 percent [+]
Cpi Housing Utilities 101.00 100.58 115.25 95.68 points [+]
CPI Transportation 99.27 100.30 118.22 95.72 points [+]
Export Prices 101.40 102.50 111.80 95.50 points [+]
Core Inflation Rate 5.20 4.90 8.20 -0.80 percent [+]