According to the statistics released by the National Statistics Office of Georgia (Geostat), in July this year Georgia’s producer price index (PPI) for industrial products decreased by 2.3 percent year on year, was up by 1.5 percent month on month and rose 21.8 percent compared to the 2010 average.
In July, producer prices in the Georgian manufacturing sector rose 1.5 percent from June and narrowed by 5.4 percent on year-on-year basis, while the PPI for basic metals and fabricated metal products grew by 9.9 percent compared to the previous month and declined by 6.7 percent compared to the same month of last year.