Saturday March 25 2017
Georgia Producer Prices Change at 9.60 percent
Producer prices in Georgia rose by 9.6 percent year-on-year in February of 2017, after a 9.8 percent increase in the preceding month. It was the fourth straight rise and the highest since June of 2015, mainly boosted by an increase in prices of mining and quarrying (21.0 percent from 25.7 percent in January); electricity, gas and water (12.8 percent from 10.9 percent), and manufacturing (8.5 percent from 8.8 percent), namely basic metals and fabricated metal products (39.6 percent from 48.3 percent), food, beverages and tobacco products (7.5 percent from 6.2 percent), and rubber and plastic products (11.0 percent from 5.2 percent). On a monthly basis, producer prices went up 1.0 percent, after growing by 2.3 percent in the prior month.