Georgia's annual inflation rate hits 10.9 % in 2022
Georgia's annual inflation rate hits 10.9 % in 2022
12:08, 02.09.2022

In August 2022, the Consumer Price Index (Inflation) increased by 0.1 % compared to the previous month, while the annual inflation rate amounted to 10.9 %, the National Statistics Office (GeoStat) announced on Friday.

As to the annual core inflation, the prices increased by 7.0 %, while the annual core inflation without tobacco also amounted to 7.0%, the agency stated.

Price changes in the following groups are the main influences on monthly inflation:

  • Food and non-alcoholic beverages (+ 0.9 %)
  • Restaurants and hotels (+2.3 %)
  • Transport (- 3.1 %)

The annual inflation rate was mainly influenced by price changes for the following groups:

  • Food and non-alcoholic beverages (+15.8 %)
  • Transport (+15.6 %)
  • Housing, water, electricity, gas and other fuels (+ 12.4 %)
  • Restaurants and hotels (+14.9%)


By - Marika Kartozia

Economics
Consumer Price Index
Inflation
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