Georgia’s Annual Inflation at 1.9% in December 2024

Georgia’s annual inflation rate remained low at 1.9% in December 2024, the National Statistics Office (Geostat) reported on January 3. On a monthly basis, meanwhile, consumer prices increased by 0.7%.

The annual inflation rate was primarily driven by price changes in miscellaneous goods and services (6.4% increase); alcoholic beverages and tobacco (5.9% increase); health (3.7% increase); food and non-alcoholic beverages (3.6% increase); housing, water, electricity, gas and other fuels (3.2% decrease); and communication (12.7% decrease).

The monthly inflation rate was mainly driven by price changes in health (1.4% increase); food and non-alcoholic beverages (1.3% increase); and clothing and footwear (1.8% decrease).

As for food and non-alcoholic beverages, prices increased this month for the following subgroups: vegetables (5.3 percent), oils and fats (3.0 percent), milk, cheese and eggs (2.4 percent), coffee, tea and cocoa (1.0 percent), meat (0.6 percent), fish (0.5 percent). At the same time, prices decreased for the following subgroups: fruit and grapes (-1.0 percent), mineral waters, soft drinks, fruit and vegetable juices (-0.5 percent).

Also Read:

• 03/12/2024 – Georgia’s Annual Inflation at 1.3% in November 2024
• 04/11/2024 – Georgia’s Annual Inflation at 0.3% in October 2024
• 03/10/2024 – Georgia’s Annual Inflation at 0.6% in September 2024
• 03/09/2024 – Georgia’s Annual Inflation at 1% in August 2024
• 02/08/2024 – Georgia’s Annual Inflation at 1.8% in July 2024

This post is also available in: ქართული (Georgian) Русский (Russian)