How have the prices of industrial products changed in Georgia

2021/02/6540-1614153034.jpg
Read: 946     14:00     24 Февраль 2021    

Prices for the year mainly increased for processing and mining products, as well as for food.

The index of producer prices of industrial products in January 2021 decreased by 15.6% compared to January 2020, according to the National Statistics Service of Georgia "Sakstat" (Gruzstat).

The formation of the index was mainly influenced by the increase in prices in the processing industry by 14.9% and mining-by 10.1%.

In January, compared to December last year, prices for industrial products increased by 2.8%.

Local production

Prices for industrial products produced in Georgia increased in January by 15.7% compared to the same month in 2020.

Most of all, prices rose in the mining industry-7.3%, the processing industry - by 14.7%, including food - by 7.1%.

Export and import

The index of producer prices of industrial products for export in January increased by 15.7% compared to the same month in 2020.

Prices for mining products increased by 9.8%. Prices for exported products of the processing industry increased by 15.2%, including beverages – by 10.5%, and metal products-by 28.8%.

Prices for industrial products imported to Georgia increased by 16.1% during the reporting period. At the same time, imported products of the processing industry rose by 17.2%, including food products - by 23.9%.

Consumer prices

The inflation rate in Georgia in 2020 was 2.4%, with a target of 3%. Food prices for the year increased by 6.8%. In December, compared to November, the inflation rate was minus 1%.

 

Sputnik-georgia.ru





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How have the prices of industrial products changed in Georgia

2021/02/6540-1614153034.jpg
Read: 947     14:00     24 Февраль 2021    

Prices for the year mainly increased for processing and mining products, as well as for food.

The index of producer prices of industrial products in January 2021 decreased by 15.6% compared to January 2020, according to the National Statistics Service of Georgia "Sakstat" (Gruzstat).

The formation of the index was mainly influenced by the increase in prices in the processing industry by 14.9% and mining-by 10.1%.

In January, compared to December last year, prices for industrial products increased by 2.8%.

Local production

Prices for industrial products produced in Georgia increased in January by 15.7% compared to the same month in 2020.

Most of all, prices rose in the mining industry-7.3%, the processing industry - by 14.7%, including food - by 7.1%.

Export and import

The index of producer prices of industrial products for export in January increased by 15.7% compared to the same month in 2020.

Prices for mining products increased by 9.8%. Prices for exported products of the processing industry increased by 15.2%, including beverages – by 10.5%, and metal products-by 28.8%.

Prices for industrial products imported to Georgia increased by 16.1% during the reporting period. At the same time, imported products of the processing industry rose by 17.2%, including food products - by 23.9%.

Consumer prices

The inflation rate in Georgia in 2020 was 2.4%, with a target of 3%. Food prices for the year increased by 6.8%. In December, compared to November, the inflation rate was minus 1%.

 

Sputnik-georgia.ru





Tags: