BAKU, Azerbaijan, Aug. 30
By Klavdiya Romakayeva - Trend:
The industrial producer price index in Georgia increased by 15.1 percent in July 2021 compared to July 2020, Trend reports citing the National Statistics Service of Georgia.
According to the information, the formation of the index was mainly influenced by the increase in prices in the processing industry by 16.7 percent, including for food - by 17.4 percent, and in the mining industry - by 0.2 percent.
In July, compared with June of this year, prices for industrial products decreased by 0.3 percent.
Prices for industrial products manufactured for the Georgian domestic market increased by 18.8 percent in July compared to the same month in 2020.
It is noted that most of all prices rose in the mining industry - by 21 percent, in the processing industry - by 21.1 percent, including for food - by 21 percent.
At the same time, the producer price index of industrial products for export increased by 9.9 percent in July compared to the same month in 2020.
In addition, prices for mining products decreased by 12.6 percent. Prices for exported products of the processing industry increased by 11.2 percent, including for chemical products - by 10.1 percent, and for metal products - by 28.9 percent.
Prices for industrial products imported to Georgia increased by 21.9 percent during the reporting period. At the same time, imported products of the processing industry rose by 21.9 percent.
It is reported that the annual inflation rate in Georgia in July 2021 was 11.9 percent, with a target of three percent. Food prices for the year increased by 14.1 percent. In July, compared with June, the inflation rate was 1.3 percent.
---
Follow the author on Twitter: @romakayeva