Georgia’s Annual Inflation at 0.8% in October
Georgia’s annual inflation rate amounted to 0.8% in October 2023, the National Statistics Office (Geostat) reported on November 3. On a monthly basis, meanwhile, consumer prices increased by 0.6%.
The annual inflation rate was primarily driven by price changes in miscellaneous goods and services (9.8% increase); alcoholic beverages and tobacco (6.6% increase); housing, water, electricity, gas and other fuels (4.2% increase); transport (1.2% increase); and food and non-alcoholic beverages (1.2% decrease).
The monthly inflation rate was mainly driven by price changes in transport (3.6% increase), clothing and footwear (3.3% increase), alcoholic beverages and tobacco (1.3% increase).
As for food and non-alcoholic beverages, prices increased this year for the following subgroups: fruit and grapes (15.3%); fish (6.9%); vegetables (6.0%); meat (5.9%). At the same time, prices decreased for sugar, jam, honey, chocolate and confectionery (-1.2%); milk, cheese and eggs (-2.9%); bread and cereals (-8.8%); and oils and fats (-24.4%).
Also Read:
- 03/10/2023 – Georgia’s Annual Inflation at 0.7% in September
- 05/09/2023 – Georgia’s Annual Inflation at 0.9% in August
- 03/08/2023 – Georgia’s Annual Inflation at 0.3% in July
- 03/07/2023 – Georgia’s Annual Inflation at 0.6% in June
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