Georgia’s annual inflation stood at 4.8% in January

In January 2026 the Consumer Price Index increased by 1.2 percent compared to the previous month, while the annual inflation rate amounted to 4.8 percent. With regard to the annual core inflation1 , the prices increased by 2.4 percent, while the annual core inflation without tobacco2 amounted to 2.1 percent.

The monthly inflation rate was mainly influenced by price changes for the following groups:

Food and non-alcoholic beverages: the prices for the group increased by 2.9 percent, contributing 0.96 percentage points to the overall monthly inflation rate. The prices increased for the following subgroups: vegetables (12.5 percent), fruit and grapes (5.9 percent), milk, cheese and eggs (3.5 percent), sugar, jam, honey, chocolate and confectionery (2.8 percent), coffee, tea and cocoa (2.6 percent), fish (1.8 percent), oils and fats (1.5 percent), meat (1.4 percent), bread and cereals (0.2 percent). At the same time, prices decreased for mineral waters, soft drinks, fruit and vegetable juices (-0.5 percent);

Health: the prices increased by 2.4 percent, contributing 0.2 percentage points to the overall index. The prices were higher for medical products, appliances and equipment (4.5 percent) and out-patient services (0.1 percent);

Miscellaneous goods and services: the prices for the group increased by 2.9 percent, contributing 0.15 percentage points to the overall index. Within the group, the prices were higher mainly for the following subgroups: insurance (8.5 percent), personal effects n.e.c. (3.5 percent), financial services n.e.c. (2.6 percent), personal care (2.3 percent); Clothing and footwear: the prices decreased by 4.3 percent, contributing -0.2 percentage points to the overall monthly inflation rate. Prices were lower for both clothing (-4.8 percent) and footwear (-3.4 percent).

The annual inflation rate was mainly influenced by price changes for the following groups:

Food and non-alcoholic beverages: the prices in the group increased by 10.6 percent, contributing 3.55 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: fish (20.5 percent), fruit and grapes (16.9 percent), bread and cereals (14.3 percent), sugar, jam, honey, chocolate and confectionery (10.2 percent), meat (9.7 percent), coffee, tea and cocoa (9.4 percent), vegetables (8.8 percent), oils and fats (8.7 percent), milk, cheese and eggs (8.6 percent), mineral waters, soft drinks, fruit and vegetable juices (6.8 percent);

Health: the prices increased by 8.3 percent, contributing 0.68 percentage points to the overall index. The prices were higher for the following subgroups: hospital services (9.0 percent), medical products, appliances and equipment (8.3 percent), out-patient services (7.7 percent);

Miscellaneous goods and services: the prices for the group increased by 7.4 percent, contributing 0.35 percentage points to the overall index. Within the group, the prices were higher mainly for the following subgroups: personal effects n.e.c. (37.9 percent), insurance (8.5 percent), personal care (4.2 percent); Restaurants and hotels: the prices went up by 8.1 percent, contributing 0.26 percentage points to the overall annual inflation rate. The prices in the group increased for both accommodation services (10.2 percent) and catering services (7.8 percent); Alcoholic beverages and tobacco: the prices increased by 3.5 percent, with the relevant contribution of 0.23 percentage points to the overall annual inflation rate. The prices increased mainly for tobacco (6.6 percent).