The annual inflation rate in Georgia reduced

The annual inflation rate in Georgia reduced

Annual inflation rate in Georgia decreased to 4.3% in June 2019 from 4.7% in the previous month.

According to GEOSTAT data the slowdown in inflation is mainly attributable to prices of:

  • Food & non-alcoholic beverages: -3.9% vs 7.9% in May
  • Transport: 0.9% vs 3.2% and health: 0.8% vs 3% in May

On a monthly basis, consumer prices fell 1%, after increase of 0.5% in the prior month.

Prices decreased on following subgroups:

  • Vegetables – 27.9%

  • Fruits & Grapes – minus 5.8%

Prices increased:

  • Sugar & Jam and other sweets – 1.3%

  • Milk, Cheese & egg – 0.7%

In Georgia, the most important categories in the consumer price index are:

  • Food and non-alcoholic beverages – 31.1% of the total weight

  • Transport – 12.1%

The index also includes:

  • Healthcare – 9.8%

  • Housing, water, electricity, gas and other fuels – 8.2%

  • Furnishings, housing appliances and equipment, routine house maintenance – 6.4%

  • Recreation and culture – 6.2%

  • Alcoholic beverages, tobacco – 6%

  • Education – 5%

  • Miscellaneous goods and services – 4.8%

  • Hotels, cafes and restaurants – 4%

  • Communication – 3.2%

  • Clothing and footwear – 3.1%

Inflation Rate in Georgia averaged 7.19 percent from 1996 until 2019, reaching an all-time high of 59.31% in April of 1996 and a record low of -3.30% in May of 2012.

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