Georgia’s Annual Inflation at 1.5% in May
Georgia’s annual inflation rate amounted to 1.5% in May, the National Statistics Office (Geostat) reported on June 2. On a monthly basis, meanwhile, consumer prices decreased by 0.1%.
The annual inflation rate was primarily driven by price changes in miscellaneous goods and services (18.4% increase); alcoholic beverages and tobacco (7.1% increase); food and non-alcoholic beverages (3.3% increase); transport (12.9% decrease); and health (7.5% decrease).
Looking at food and non-alcoholic beverages, prices increased for the following subgroups: meat (9.7%); milk, cheese and eggs (9.3%); mineral waters, soft drinks, fruit and vegetable juices (7.1%); vegetables (6.3%); fish (6.0%); coffee, tea and cocoa (4.6%); sugar, jam, honey, chocolate and confectionery (2.2%); bread and cereals (1.8%); prices decreased on oils and fats (-17.0%) and fruit and grapes (-12.0%).
The monthly inflation rate was mainly driven by price changes in miscellaneous goods and services (6.2% increase); alcoholic beverages and tobacco (1.6% increase); and food and non-alcoholic beverages (1.7% decrease).
Also Read:
- 03/05/2023 – Georgia’s Annual Inflation at 2.7% in April
- 03/04/2023 – Annual Inflation 5.3% in March
- 02/03/2023 – Georgia’s Annual Inflation at 8.1% in February
- 03/02/2023 – Georgia’s Annual Inflation at 9.4% in January
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