Geostat Reports 0.1% Annual Deflation in May

Georgia’s annual inflation remained below zero at -0.1% in May after 1.7% deflation in April, according to the state statistics office Geostat.

There was 0.7% inflation on the monthly basis in May.

Prices on food and non-alcoholic beverages increased 1.4% year-on-year in May after sixteen consecutive months of deflation on prices for this group.

Prices for fuel and lubricants dipped by 11% y/y in May; prices for healthcare services and for hotels and restaurants increased by 3.7% and 3.1%, respectively.

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