Producer price index of industrial products rises by 6.5% year-on-year in March - GeoStat
According to the National Statistics Office of Georgia (GeoStat), the producer price index of industrial products increased by 1.5 per cent in March 2026, compared to the previous month. On an annual basis, the index increased by 6.5 per cent, highlighting continued inflationary pressures within the sector.
Compared to February 2026, prices in the mining and quarrying sector declined slightly by 0.1 per cent, contributing a marginal -0.01 percentage points to the overall index change. In contrast, the manufacturing industry experienced a significant 1.8 per cent price rise, accounting for 1.43 percentage points of the total index increase. Notable among the products in this group were a 4.7 per cent increase in beverage prices and a substantial 27.1 per cent surge in prices for coke and refined petroleum products. Additionally, the electricity, gas, steam, and air conditioning sector saw a 0.8 per cent rise, contributing 0.08 percentage points to the overall index for the month.
Over the past 12 months, the index was predominantly influenced by price changes in several key product groups:
– Mining and quarrying: Prices increased by 33.0 per cent, contributing 2.11 percentage points to the overall annual index change. Notably, prices for metal ores rose by 42.8 per cent.
– Manufacturing products: Prices rose by 5.0 per cent, contributing 4.03 percentage points. Significant increases were observed in food products (7.8 per cent) and beverages (6.2 per cent).
– Electricity, gas, steam, and air conditioning: Prices increased by 2.0 per cent, adding 0.22 percentage points to the annual change.
– Water supply, sewage, waste management, and reclamation services: Prices increased by 5.5 per cent, impacting the overall index by 0.17 percentage points, according to data released by GeoStat.
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