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. Producer Prices Change in Georgia averaged 5.87 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.
Producer Prices Change in Georgia is expected to be 6.10 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 6.60 in 12 months time. In the long-term, the Georgia Producer Prices Change is projected to trend around 8.20 percent in 2020, according to our econometric models.