How have the prices of industrial products changed in Georgia

2021/07/65520-1627373791.jpg
Read: 861     14:00     27 Июль 2021    

Prices for the year mainly increased for products of the processing and mining industries, as well as for food. Prices for some food products have even tripled.

The price index of manufacturers of industrial products in June 2021 increased by 15.7% compared to June 2020, according to the National Statistics Service of Georgia "Sakstat" (Gruzstat).

The formation of the index was mainly influenced by an increase in prices in the processing industry by 15.5%, including for food – by 17%, and in the mining industry – by 5.9%.

In June, compared to May of this year, prices for industrial products decreased by 1.1%.

Local production

Prices for industrial products manufactured for the domestic market of Georgia increased by 19.7% in June compared to the same month of 2020.

Most of all, prices increased in the mining industry – by 18.5%, the processing industry-by 19.9%, including food products – by 17.9%.

Export and import

The producer price index of industrial products for export increased by 10% in June compared to the same month in 2020.

Prices for mining products decreased by 3.2%. Prices for exported products of the processing industry increased by 10.1%, including food products – by 11.3%, and metal products-by 23%.

Prices for industrial products imported to Georgia increased by 26.4% during the reporting period. At the same time, imported products of the processing industry rose in price by 26.1%.

Consumer prices

The annual inflation rate in Georgia in June 2021 was 9.9%, with a target of 3%. Food prices increased by 8.8% over the year. In June, compared to May, the inflation rate was 0.7%.

Sputnik-georgia.ru





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How have the prices of industrial products changed in Georgia

2021/07/65520-1627373791.jpg
Read: 862     14:00     27 Июль 2021    

Prices for the year mainly increased for products of the processing and mining industries, as well as for food. Prices for some food products have even tripled.

The price index of manufacturers of industrial products in June 2021 increased by 15.7% compared to June 2020, according to the National Statistics Service of Georgia "Sakstat" (Gruzstat).

The formation of the index was mainly influenced by an increase in prices in the processing industry by 15.5%, including for food – by 17%, and in the mining industry – by 5.9%.

In June, compared to May of this year, prices for industrial products decreased by 1.1%.

Local production

Prices for industrial products manufactured for the domestic market of Georgia increased by 19.7% in June compared to the same month of 2020.

Most of all, prices increased in the mining industry – by 18.5%, the processing industry-by 19.9%, including food products – by 17.9%.

Export and import

The producer price index of industrial products for export increased by 10% in June compared to the same month in 2020.

Prices for mining products decreased by 3.2%. Prices for exported products of the processing industry increased by 10.1%, including food products – by 11.3%, and metal products-by 23%.

Prices for industrial products imported to Georgia increased by 26.4% during the reporting period. At the same time, imported products of the processing industry rose in price by 26.1%.

Consumer prices

The annual inflation rate in Georgia in June 2021 was 9.9%, with a target of 3%. Food prices increased by 8.8% over the year. In June, compared to May, the inflation rate was 0.7%.

Sputnik-georgia.ru





Tags: