Annual Inflation Hits 12.8% in October
Georgia’s annual inflation rate in October amounted to 12.8%, the National Statistics Office (Geostat) reported today.
On a monthly basis, meanwhile, consumer prices increased by 1.3%.
The annual inflation rate was primarily driven by price changes in transport (19.6% increase); food and non-alcoholic beverages (18.4% increase); housing, water, electricity, gas, and other fuels (11.9% increase); furnishings, household equipment and maintenance (11.3%); restaurants and hotels (11.2% increase); health (8.4% increase).
The monthly inflation rate was mainly influenced by price changes in food and non-alcoholic beverages (3% increase) and clothing and footwear (9.2% increase).
Read Also:
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- Annual Inflation Hits 12.3% in September
- IMF: Georgia’s Economy Bounces Back, Reforms Needed
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