Georgia’s annual inflation amounted to 6.5% in May 2020 year-on-year, while Consumer Price Index increased by 0.2 % compared to the previous month, the National Statistics Office (Geostat) reported on June 3.
The annual inflation rate was driven by price changes in food and non-alcoholic beverages, and transport services. According to Geostat’s breakdown of the relevant subgroups:
- prices on fruit and grapes rose by 47.1 % y/y;
- milk, cheese and eggs – 24.6 % y/y;
- meat – 13.5 % y/y;
- fish – 17.1 % y/y ;
- sugar, jam, honey, chocolate and confectionery – 14.5 % y/y;
- oils and fats – 13.1 % y/y;
- coffee, tea and cocoa – 13.9 % y/y.
As for transport category, prices decreased by 4.6 % (down by 6.9 % for personal transport equipment).
The monthly inflation rate was mainly impacted by price fluctuations in the following groups: restaurants and hotels (prices increased by 4.3 %), health (up by 1.3 %), and transport (down by 2.4 %).
- Geostat: Annual Inflation 6.9% in April
- Geostat: Annual Inflation 6.1% in March
- Geostat: Annual Inflation 6.4% in February
- Geostat: Annual Inflation 6.4% in January