The evolution of the Input and Output Price Indices for the month of October 2021, according to provisional data, is as follows:
The General Output Price Index in Georgia – Livestock (without subsidies) of October 2021, compared to the corresponding index of October 2020, showed an increase of 17.9%. The corresponding index of October 2020, compared to October 2019, had decreased by 0.4%.
The increase of the General Output Price Index by 17.9% in October 2021, compared to the corresponding index of October 2020, is due to the increase of 20.0% of the crop production price index and mainly to the change of industrial plant groups , and cereals and seeds.
The General Output Price Index for the month of October 2021, compared to the index of September 2021, showed an increase of 2.5%. The weighted average Output Index of the twelve months November 2020 – October 2021, compared to the corresponding index of the twelve months November 2019 – October 2020, showed an increase of 7.4%.
The General Index of Input Prices in Georgia – Livestock of October 2021, compared to the corresponding index of October 2020, showed an increase of 14.6% compared to a decrease of 3.8% in the comparison of October 2020 with October 2019.
The increase of the General Input Price Index by 14.6% in October 2021, compared to the corresponding index of October 2020, is due to the increase by 17.0% of the price index of consumables and mainly to the change of the energy group and lubricants.
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Source From: Capital
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