Import Price Index increases by 2.6% in Georgia
Baku, Azerbaijan, August 21
By Tamilla Mammadova – Trend:
The Import Price Index (MPI) increased by 2.6 percent in Georgia in July 2019 compared to June 2019, Trend reports referring to Georgian National Statistics Office (Geostat).
Compared to July 2018, the Index increased by 15.5 percent.
In the reported period, the prices were 14.4 percent higher for manufactured products, 5 percent for products from mining and quarrying, and 11 percent higher for electricity, gas, steam and hot water, compared to July 2018.
The top import commodities in January-July 2019 were petroleum and petroleum oils whose imports equaled $404.4 million (8.1 percent of the total imports), followed by motor cars followed with $366.9 million, or 7.4 percent of imports. The copper ores and concentrates were third in the top import commodity list with $330.1 million (6.7 percent of imports).