Consumer prices increased by 7% in comparison to November of 2018

12:24, 03.12.2019

Consumer prices for November 2019 are increased by 7% in comparison to the same month of 2018. The inflation level was fixed at 0.9%. The rate is the highest after June of 2017.

The estimated inflation rate determined by the National Bank of Georgia (NBG) is 3%. The NBG presumes reduction of inflation rate starting spring of the next year.

The consumer price index (CPI) is a widely used indicator that measures changes in consumer prices in the country. The CPI is estimated by a consumer basket that includes the goods and services consumed by an average household. An increase in the prices of goods and services included in the consumer basket results in inflation.

Economics

Consumer prices

Inflation