About Civil.ge
Eng | Geo | Rus
Last updated: 16:58 - 25 Feb.'17
RSS
Mobile
Twitter
Facebook
Geostat: Annual Inflation 1.8% in December
Civil Georgia, Tbilisi / 3 Jan.'17 / 23:58

Georgia’s annual inflation stood at 1.8% in December, after 0.2% inflation in November, the state statistics office, Geostat, said on Tuesday.
On a monthly basis prices were up 1% in December.

The annual inflation rate was driven by higher prices in the group of alcoholic beverages and cigarettes (up by 13.1%), caused mostly by the increase of excise tax on tobacco and alcohol products. Prices on tobacco increased sharply (23.2%) amid expected increase in excise taxes, which were introduced from January as a result of legislative amendments.

Prices on communication services increased by 4.3% y/y; hotels and restaurants services – by 4.1%; transport group – by 2.1% and healthcare group – by 2.1% y/y.

Prices on food and non-alcoholic beverages increased 1.6% y/y in December. According to Geostat, prices increased significantly on the subgroup of sugar, jam, honey, chocolate and confectionary (16.3%).

Prices on clothing and footwear dropped by 5.7% y/y and prices on furniture, household maintenance and equipment were down by 2.5% y/y.

The government forecasts 4% annual inflation in 2017.

Latest News
25 Feb.'17 16:58
MFA: Human Rights Situation ĎAlarmingí in Abkhazia, S. Ossetia
2 775 persons were detained by the Russian border officers from 2008 to 2016.
24 Feb.'17 23:39
Armenian PM Meets Georgian Leaders in Tbilisi
PM Karen Karapetyan was on his official visit to Georgia on February 23-24.
24 Feb.'17 17:29
President Slams Sergey Lavrovís Munich Statements
Attempts of radioactive waste transit from the occupied territories were intercepted, Margvelashvili said.
24 Feb.'17 13:30
Georgian Citizen Captured by Congolese Rebels
Soso Osurauli, former Georgian serviceman, was working on a private contract in DR Congo.
24 Feb.'17 11:38
Georgia Commemorates Chechen and Ingush Deportation
Video conference with a similar event in Ingushetia was conducted, Reconciliation Ministry said.
23 Feb.'17 17:44
Amnesty: Georgia Lacks Judicial Independence
Amnesty International report documents the state of human rights in 159 countries.
23 Feb.'17 16:24
Opposition Calls for Gazprom Deal Disclosure
UNM requested to establish a parliamentary investigative commission.
23 Feb.'17 14:33
GEL Appreciates Against USD, EUR
Georgian national currency, Lari (GEL) appreciated to 2.6029 against U.S. Dollar.
22 Feb.'17 16:52
Georgia to Re-elect ECHR Nominees
CoE Parliamentary Assembly committee rejected the three Georgia-nominated candidates on January 24.
22 Feb.'17 15:36
Georgian Diplomats Comment Lavrovís Munich Statements
Sergei Lavrov mentioned Georgia as one of the routes that terrorists ‘try to actively use.’

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
63