Producer Price Index up 8.7 %

TBILISI(BPI)- In  March 2020 the Producer Price Index (PPI) was up by 3.0 percent compared to the previous month  and up by 8.7 percent a year.

The prices for manufactured products increased by 2.5 percent compared to the previous month, resulting in a 2.05 percentage point contribution to the overall monthly PPI change.

Within the group noteworthy price increases were registered for basic metals (6.9%) and beverages (2.5 percent).

The annual PPI rate was mainly affected by price changes for the following products: Manufactured products: the prices increased by 8.7 percent, contributing 7.05 percentage points to the overall annual index growth. Products from mining and quarrying: the prices increased by 13.7 percent, contributing 0.89 percentage points to the overall annual index growth; Electrical energy, gas, steam and hot water: the prices increased by 7.4 percent and contributed 0.78 percentage points to the overall PPI change.

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