Georgia’s Annual Inflation at 0.5% in March 2024
Georgia’s annual inflation rate amounted to 0.5% in March 2024, the National Statistics Office (Geostat) reported on April 3. On a monthly basis, meanwhile, consumer prices increased by 0.01%.
The annual inflation rate was primarily driven by price changes in miscellaneous goods and services (10.2% increase); transport (8.1% increase); alcoholic beverages and tobacco (4.5% increase); and food and non-alcoholic beverages (3.4% decrease).
The monthly inflation rate was mainly driven by price changes in miscellaneous goods and services (1.4% increase); transport (0.8% increase); and health (1.5% decrease).
As for food and non-alcoholic beverages, prices decreased this year for the following subgroups: oils and fats (-19.4%); vegetables (-15.3%); bread and cereals (-8.9%); milk, cheese and eggs (-3.9%). At the same time, the prices increased for the following subgroups: fruit and grapes (25.7%); mineral waters, soft drinks, fruit and vegetable juices (5.1%); meat (2.8%); coffee, tea and cocoa (2.1%); fish (1.3%).
Also Read:
- 04/03/2024 – Georgia’s Annual Inflation at 0.3% in February 2024
- 02/02/2024 – Georgia’s Annual Inflation at 0.0% in January 2024
- 08/01/2024 – Georgia’s Annual Inflation at 0.4% in December 2023
- 04/12/2023 – Georgia’s Annual Inflation at 0.1% in November
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