Georgia’s Annual Inflation at 0.3% in July
Georgia’s annual inflation rate amounted to 0.3% in July 2023, the National Statistics Office (Geostat) reported on August 3. On a monthly basis, meanwhile, consumer prices decreased by 0.04%.
The annual inflation rate was primarily driven by price changes in miscellaneous goods and services (11.1% increase); alcoholic beverages and tobacco (6.3% increase); housing, water, electricity, gas and other fuels (4.9% increase); transport (12.1% decrease); and health (6.9% decrease).
The monthly inflation rate was mainly driven by price changes in transport (1.8% increase); furnishings, household equipment and maintenance (2.3% decrease); clothing and footwear (2.0% decrease); food and non-alcoholic beverages (0.2% decrease);
As for food and non-alcoholic beverages, prices decreased this month for the following subgroups: oils and fats (-2.8%), fish (-1.8%), milk, cheese and eggs (-1.0%). At the same time, prices increased for fruit and grapes (3.9%);
Also Read:
- 03/07/2023 – Georgia’s Annual Inflation at 0.6% in June
- 02/06/2023 – Georgia’s Annual Inflation at 1.5% in May
- 03/05/2023 – Georgia’s Annual Inflation at 2.7% in April
- 03/04/2023 – Annual Inflation 5.3% in March
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