BAKU, Azerbaijan, Sept. 20
Tamilla Mammadova – Trend:
The Producer Price Index (PPI) for Industrial Products increased by 1.2 percent in August 2021 compared to the previous month, while compared to August 2020 the index growth amounted to 16.4 percent, Trend reports with reference to the National Statistical Office of Georgia (Geostat).
The prices for products from mining and quarrying increased by 0.3 percent compared to July 2021, resulting in a 0.02 percentage point contribution to the overall monthly PPI change.
In the same period, the prices for manufactured products increased by 0.9 percent, contributing 0.74 percentage points to the monthly index change. Within the group, a noteworthy price increase was registered for basic metals (4.8 percent).
Besides, the prices increased for electricity, gas, steam, and air conditioning by 4.1 percent, contributing 0.42 percentage
points to the monthly index change.
The annual PPI rate was mainly affected by price changes for the following products:
• Products from mining and quarrying: the prices were 1.1 percent lower, contributing -0.16 percentage points to the overall annual index change. Within the group, the prices were lower for
the subgroup of metal ores (-9.2 percent);
• Manufactured products: the prices increased by 18.3 percent, contributing 14.61 percentage points to the overall annual index growth. There was a notable increase in the prices for the following subgroups: food products (16.5 percent), other non-metallic mineral products (11.2 percent), and basic metals (47.3 percent);
• Electricity, gas, steam, and air conditioning: the annual price increase amounted to 10.7 percent, which contributed 1.12 percentage points to the annual index growth;
• Water supply, sewerage, waste management, and remediation services: the annual price increase amounted to 30.1 percent, which contributed 0.83 percentage points to the annual index growth.
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