Georgia consumer prices jump 12.5% in November

Georgia consumer prices jump 12.5% in November

access_time2021-12-03 11:54:00

According to the National Statistics Office, in November 2021 the Consumer Price Index increased by 0.6 percent compared to the previous month, while the annual inflation rate amounted to 12.5 percent. With regard to the annual core inflation , the prices increased by 6.1 percent, while the annual core inflation without tobacco also amounted to 6.1 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 0.6 percent, contributing 0.22 percentage points to the overall monthly index change. The prices were higher for the following subgroups: milk, cheese and eggs (4.4 percent), bread and cereals (1.5 percent), coffee, tea and cocoa (1.3 percent), oils and fats (1.0 percent), sugar, jam, honey, chocolate and confectionery (0.9 percent). Along with this, the prices decreased for vegetables (-5.1 percent), also for fruit and grapes (-2.6 percent); Transport: the prices increased by 1.7 percent, contributing 0.22 percentage points to the monthly inflation rate. Within the group the prices increased for operation of personal transport equipment (2.4 percent); Furnishings, household equipment and maintenance: the prices increased by 1.0 percent, contributing 0.05 percentage points to the overall monthly inflation rate. The prices were higher for the following subgroups: furniture and furnishings, carpets and other floor coverings (2.3 percent), glassware, tableware and household utensils (2.1 percent), also for goods and services for routine household maintenance (2.0 percent). The following table shows percentage changes in prices for the commodity groups of the consumer basket, as well as the relevant contributions to the overall annual inflation rate in November 2021.

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 17.0 percent, contributing 5.35 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: oils and fats (27.7 percent), vegetables (26.2 percent), bread and cereals (20.4 percent), milk, cheese and eggs (17.9 percent), sugar, jam, honey, chocolate and confectionery (17.4 percent), fish (16.0 percent), fruit and grapes (15.5 percent), mineral waters, soft drinks, fruit and vegetable juices (13.6 percent), meat (10.7 percent), coffee, tea and cocoa (6.9 percent); Transport: the prices increased by 20.2 percent, contributing 2.5 percentage points to the annual inflation rate. Within the group the prices increased for operation of personal transport equipment (30.1 percent) and transport services (2.6 percent). Along with this, the prices decreased for purchase of vehicles (-3.3 percent); Housing, water, electricity, gas and other fuels: the prices for the group posted an 11.5 percent increase, which contributed 1.68 percentage points to the annual inflation rate. The prices were higher for the following subgroups: electricity, gas and other fuels (14.2 percent), maintenance and repair of the dwelling (7.2 percent), water supply and miscellaneous services relating to the dwelling (4.5 percent). In the same period prices were lower for actual rentals for housing (-2.0 percent).


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