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Geostat: Annual Inflation 2.8% in January

Georgia’s annual inflation rate in January stood at 2.8%, while on a monthly basis consumer prices increased by 1.1%, the National Statistics Office (Geostat) reported on February 3.

According to Geostat, the annual inflation rate was primarily driven by price changes in the following groups: food and non-alcoholic beverages (6.4% increase); health (9.7% increase); furnishings, household equipment and maintenance (10.8% increase); alcoholic beverages and tobacco (6.9% increase) and housing, water, electricity gas and other fuels (20.5% decrease).

The monthly inflation rate was mostly influenced by price changes in food and non-alcoholic beverages (2.0% increase), transport (1.4% increase) and housing, water, electricity, gas and other fuels (1.9% increase).

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