Annual Inflation Hits 10-Year High at 12.8% in August
Georgia’s annual inflation rate in August spiked at 12.8%, another ten-year high following the 11.9% recorded last month, the National Statistics Office (Geostat) reported today.
On a monthly basis, meanwhile, consumer prices increased by 0.7 percent.
The annual inflation rate was primarily driven by price changes in transport (22.5% increase), food and non-alcoholic beverages (16.2% increase), housing, water, electricity, gas and other fuels (11.6% increase) and health (10.9% increase).
The monthly inflation rate was primarily driven by price changes in restaurants and hotels (1.8% increase), food and non-alcoholic beverages (1.4% increase), as well as transport (1.1% increase) and housing, water, electricity, gas and other fuels (0.8% increase).
Also Read:
- Annual Inflation in July Hits 10-year High at 11.9%
- Georgia’s GDP Growth 9.9% in July
- Georgian Central Bank Sells USD 30 Million
- Georgia’s Foreign Trade Up 21.8% in January-July
- Central Bank Raises Key Rate to 10%, 13-year Highest
This post is also available in: ქართული (Georgian) Русский (Russian)
