NBG: Annual inflation in November 2020 makes 3.8%

14:25, 31.12.2020

Annual inflation in November 2020 amounted to 3.8 percent, and prices increased by 0.9 percent compared to October 2020, the National Bank of Georgia reports.

According to the NBG, the cheese price was most affected by 0.2% in November compared to October. A rise in the price of tomatoes, gasoline, and oil was significant too.

According to the Central Bank, annual inflation was 3.0 percent for imported goods and 4.2 percent for locally produced goods in November 2020. Mixed goods rose in price by 4.1 percent. The relatively low inflation rate of imported goods is related to the annual decrease in fuel prices.

By - Svetlana Alimova

Economics

annual inflation

National Bank of Georgia

NBG