The Business Association of Georgia (BAG) published BAG Index. According to the document, in Q1 of 2024, 18% of surveyed companies increased sales prices, and 25% of the companies expect the prices to rise in Q2 of 2024.
Among sectors, in Q1 of 2024, the share of the companies that are increasing sales prices is the highest for the construction sector, which might be attributed to high demand in the sector. Additionally, as for the expectations for Q2 of 2024, the highest share of companies predicting sales prices to increase was also recorded in the construction sector.
The price increase dynamics are least present in the service sector, in which only 14% of the companies stated that they increased prices in Q1 of 2024.
In Q1 of 2024, 18% of surveyed companies increased sales prices, and 25% of the companies expect the prices to rise in Q2 of 2024.
Among sectors, in Q1 of 2024, the share of the companies that are increasing sales prices is the highest for the construction sector, which might be attributed to high demand in the sector. Additionally, as for the expectations for Q2 of 2024, the highest share of companies predicting sales prices to increase was also recorded in the construction sector.
The price increase dynamics are least present in the service sector, in which only 14% of the companies stated that they increased prices in Q1 of 2024.
