Georgia’s industrial producer prices continued to grow in annual terms in February 2026, although a slight monthly decline suggests short-term easing. The National Statistics Office of Georgia (Geostat) reported that the Producer Price Index (PPI) for industrial products increased by 5.7% compared to February 2025, while falling by 0.4% month-on-month.
The annual rise was primarily driven by significant price increases in mining and manufacturing. The mining and quarrying sector recorded the sharpest growth, with prices up 34.2%, contributing 2.19 percentage points to the overall index. Within the sector, metal ores saw a particularly strong increase of 47.6%.
Manufacturing also played a major role, with prices rising by 4.1% year-on-year and contributing 3.24 percentage points to the index. Notable increases were observed in food products (up 10.3%) and basic metals (up 11.2%).
Other sectors recorded more moderate gains. Prices for electricity, gas, steam and air conditioning supply rose by 1% while water supply, sewage, waste management and remediation services increased by 5.1%, together adding a smaller share to overall inflation.
On a monthly basis, however, the data points to a slight correction. While mining prices rose by 2.2% compared to January, this was offset by declines in other sectors. Manufacturing prices fell by 0.5%, driven by decreases in food products (–0.5%) and pharmaceuticals (–6.1%). Meanwhile, prices in electricity and gas supply dropped by 1.9%.
