Annual Inflation 5.3% in March
According to data published on April 3 by the National Statistics Service of Georgia, the annual inflation rate in March was 5.3%, while consumer prices decreased by 0.2% in comparison with the previous month.
Annual inflation was mainly influenced by price changes in the following groups: food and non-alcoholic beverages (up 11.8%); housing, water, electricity, gas (up 11.1%); health (down 9.1%); transport (down 8%).
In the food and non-alcoholic beverages category, price increases were mainly observed for the following sub-groups: vegetables and garden vegetables (28.8%); bread and bakery products (16.8%); milk, cheese and eggs (13.6%); fish (10.9%); meat and meat products (10.4%); mineral and spring waters, soft drinks and natural juices (10.1%); coffee, tea and cocoa (8.7%); sugar, jam and other confectionery (2.7%). At the same time, the prices of fruits and grapes fell (-2.4%).
As for the monthly inflation, the main drivers of price changes were increase in the prices for: transport (2.3%); clothing (1.6%); alcoholic beverages, tobacco (1.1%); furniture, household equipment, care products (1.3%).
Also Read:
- 02/03/2023 – Georgia’s Annual Inflation at 8.1% in February
- 03/02/2023 – Georgia’s Annual Inflation at 9.4% in January
- 06/01/2023 – Georgia’s Annual Inflation at 9.8% in December
- 02/12/2022 – Georgia’s Annual Inflation at 10.4% in November
- 03/11/2022 – Georgia’s Annual Inflation at 10.6% in October
- 03/10/2022 – Georgia’s Annual Inflation at 11.5% in September
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