Georgia’s annual inflation rate in July spiked at 11.9%, at a ten-year high, while on a monthly bases consumer prices increased by 1.3%, the National Statistics Office (Geostat) reported today.
The annual inflation rate was primarily driven by price changes in transport (22.5% increase), food and non-alcoholic beverages (14.1% increase), furnishings, household equipment and maintenance (11.5% increase) and health (11.4% increase).
Meanwhile, the monthly inflation rate was primarily driven by price changes in food and non-alcoholic beverages (3.2% increase), transport (1.4% increase), as well as restaurants and hotels, and furnishings, household equipment and maintenance, with 1.2% increase for each.
- Annual Inflation Spikes at 9.9% in June
- Georgian Central Bank Keeps Key Rate at 9.5%
- Georgia’s GDP Growth 18.7% in June