Georgia’s annual inflation stood at 10.4%

Georgia’s annual inflation stood at 10.4%

access_time2022-12-02 11:56:54

In November 2022 the Consumer Price Index increased by 0.5 percent compared to the previous month, while the annual inflation rate amounted to 10.4 percent.


With regard to the annual core inflation, the prices increased by 7.1 percent, while the annual core inflation without tobacco2 amounted to 7.2 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 monthly inflation rate.

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 1.5 percent, contributing 0.53 percentage points to the overall monthly inflation rate. The prices increased for the following subgroups: vegetables (15.6 percent), milk, cheese and eggs (1.2 percent), fish (1.0 percent).

At the same time, prices decreased for the subgroup of oils and fats (-6.1 percent);



Housing, water, electricity, gas and other fuels: the prices increased by 1.7 percent, contributing 0.17 percentage points to the overall monthly inflation rate. The prices were higher for actual rentals for housing (3.4 percent);


Transport: the prices for the group decreased by 1.4 percent, contributing -0.16 percentage points to the overall index. Within the group the prices decreased for operation of personal transport equipment (-2.1 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 2022.

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 16.8 percent, contributing 5.55 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: vegetables (26.0 percent), bread and cereals (23.8 percent), mineral waters, soft drinks, fruit and vegetable juices (22.0 percent), coffee, tea and cocoa (19.5 percent), milk, cheese and eggs (18.3 percent), sugar, jam, honey, chocolate and confectionery (15.7 percent), fish (13.6 percent), oils and fats (10.1 percent), meat (9.1 percent), fruit and grapes (6.9 percent);


Housing, water, electricity, gas and other fuels: the prices for the group posted a 15.4 percent increase, which contributed 1.51 percentage points to the annual inflation rate. The prices were higher for the following subgroups: actual rentals for housing (34.1 percent), maintenance and repair of the dwelling (11.8 percent), electricity, gas and other fuels (5.6 percent);


Transport: the prices for the group increased by 8.2 percent, contributing 0.97 percentage pointsto the overall index. Within the group the prices increased for transport services (13.8 percent),operation of personal transport equipment (8.2 percent) and purchase of vehicles (2.1 percent).

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