Georgia experienced a 11.5% increase in food and a 9.3% rise in transport prices in one year- Sakstat

Georgia experienced a 11.5% increase in food and a 9.3% rise in transport prices in one year- Sakstat

access_time2020-08-03 10:10:26


 

According to the National Statistical Office, in one year fruit prices  increased by 32%, dairy - 14.6%, meat - 11.5%, bread and cereals – by 9.4%.


Sakstat report on Georgia’s inflation rate shows that the annual inflation rate in July amounted to 5.7%.



"Food and non-alcoholic beverages: the prices in the group increased by 11.5 percent, contributing 3.55 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: fruit and grapes (32.0 percent), coffee, tea and cocoa (17.4 percent), milk, cheese and eggs (14.6 percent), fish (14.3 percent), oils and fats (12.6 percent), meat (11.5 percent), mineral waters, soft drinks, fruit and vegetable juices (10.2 percent), bread and cereals (9.4 percent) and sugar, jam, honey, chocolate and confectionery (5.1 percent)", - reads the report.


Alcoholic beverages and tobacco: the prices increased by 9.0 percent, with a relevant contribution of 0.61 percentage points to the overall annual inflation rate. The prices increased for both tobacco (12.7 percent) and alcoholic beverages (5.9 percent);

Transport: the prices went down by 9.3 percent, which resulted in a -1.18 percentage point contribution to the overall annual inflation rate. The prices decreased for operation of personal transport equipment (-11.9 percent) and transport services (-7.1)", - the report says.

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