Annual Inflation at 12.8% in April

Georgia’s annual inflation rate stood at 12.8% in April, the National Statistics Office (Geostat) reported today. On a monthly basis, meanwhile, consumer prices increased by 1.8%. The annual inflation rate was primarily driven by price changes in transport (22.4% increase); food and non-alcoholic beverages (21.3% increase); housing, water, electricity, gas and other fuels (9.4%). The monthly inflation rate was mainly driven by price changes in clothing and footwear (4.9% increase); transport (3.7% increase); food and non-alcoholic beverages (3.3% increase). Georgia’s GDP Up 10.6% in March 2022 Annual Inflation at 11.8% in March Central Bank Hikes Key Rate to 11%