Annual inflation rate in Georgia decreased to 4.3% in June 2019 from 4.7% in the previous month.
According to GEOSTAT data the slowdown in inflation is mainly attributable to prices of:
- Food & non-alcoholic beverages: -3.9% vs 7.9% in May
- Transport: 0.9% vs 3.2% and health: 0.8% vs 3% in May
On a monthly basis, consumer prices fell 1%, after increase of 0.5% in the prior month.
Prices decreased on following subgroups:
-
Vegetables - 27.9%
-
Fruits & Grapes – minus 5.8%
Prices increased:
-
Sugar & Jam and other sweets – 1.3%
-
Milk, Cheese & egg – 0.7%
In Georgia, the most important categories in the consumer price index are:
-
Food and non-alcoholic beverages - 31.1% of the total weight
-
Transport - 12.1%
The index also includes:
-
Healthcare - 9.8%
-
Housing, water, electricity, gas and other fuels - 8.2%
-
Furnishings, housing appliances and equipment, routine house maintenance - 6.4%
-
Recreation and culture - 6.2%
-
Alcoholic beverages, tobacco – 6%
-
Education – 5%
-
Miscellaneous goods and services - 4.8%
-
Hotels, cafes and restaurants – 4%
-
Communication - 3.2%
-
Clothing and footwear - 3.1%
Inflation Rate in Georgia averaged 7.19 percent from 1996 until 2019, reaching an all-time high of 59.31% in April of 1996 and a record low of -3.30% in May of 2012.
