Georgia’s Annual Inflation at 9.4% in January

Georgia’s annual inflation rate amounted to 9.4% in January, the National Statistics Office (Geostat) reported on February 3. On a monthly basis, meanwhile, consumer prices increased by 0.8%. The annual inflation rate was primarily driven by price changes in food and non-alcoholic beverages (15% increase); housing, water, electricity, gas, and other fuels (13.1% increase); and transport (5.2% increase). Looking at food and non-alcoholic beverages, prices increased for the following subgroups: vegetables (26.5%); bread and cereals (22.8%); coffee, tea and cocoa (17.1%); milk, cheese and eggs (16.7%); mineral waters, soft drinks, fruit and vegetable juices (16.5%); fish (13%); sugar, jam, honey, chocolate and confectionery (12.4%); meat (8.7%); oils and fats (4.7%). The monthly inflation rate was mainly driven by price changes in food and non-alcoholic beverages (1.4% increase); furnishings, household equipment and maintenance (2.5% increase), and clothing and footwear (2.3% decrease). 06/01/2023 - Georgia’s Annual Inflation at 9.8% in December 02/12/2022 – Georgia’s Annual Inflation at 10.4% in November 03/11/2022 – Georgia’s Annual Inflation at 10.6% in October 03/10/2022 – Georgia’s Annual Inflation at 11.5% in September 02/09/2022 – Georgia’s Annual Inflation at 10.9% in August 03/08/2022 – Annual Inflation at 11.5% in July 04/07/2022 – Annual Inflation at 12.8% in June 03/06/2022 – Annual Inflation at 13.3% in May 03/05/2022 – Annual Inflation at 12.8% in April