Annual inflation rate hits 12.8% in Georgia, prices for food, transport, utilities surge

Annual inflation rate hits 12.8% in Georgia, prices for food, transport, utilities surge

In April 2022 the Consumer Price Index increased by 1.8 percent compared to the previous month, while the annual inflation rate amounted to 12.8 percent, the National Statistics Office of Georgia (Geostat) said on Tuesday. 

 

The agency says that the monthly inflation rate was mainly influenced by price changes for the following groups:

 

Food and non-alcoholic beverages: the prices for the group increased by 3.3 percent, contributing 1.11 percentage points to the overall monthly index change. 

 

The prices were higher for the following subgroups: vegetables (9.0 percent), oils and fats (7.4 percent), bread and cereals (4.7 percent), coffee, tea and cocoa (4.1 percent), fish (3.5 percent), fruit and grapes (3.2 percent), meat (2.2 percent), sugar, jam, honey, chocolate and confectionery (1.8 percent). 

 

Transport: the prices increased by 3.7 percent, contributing 0.46 percentage points to the monthly inflation rate. Within the group the prices mainly increased for transport services (4.6 percent) and operation of personal transport equipment (3.9 percent).

 

Clothing and footwear: the prices for the group posted a 4.9 percent increase, with the relevant contribution of 0.17 percentage points to the monthly inflation rate. Within the groups the prices were higher for both footwear (9.5 percent) and clothing (2.9 percent); 

 

Per the report, the annual inflation rate was mainly influenced by price changes for the following groups: 

 

Food and non-alcoholic beverages: the prices in the group increased by 21.3 percent, contributing 6.77 percentage points to the overall annual inflation rate. 

 

Within the group the prices increased for the following subgroups: vegetables (46.2 percent), bread and cereals (28.8 percent), mineral waters, soft drinks, fruit and vegetable juices (24.1 percent), oils and fats (20.8 percent), sugar, jam, honey, chocolate and confectionery (19.3 percent), fish (18.9 percent), milk, cheese and eggs (18.0 percent), coffee, tea and cocoa (17.6 percent), fruit and grapes (14.4 percent), meat (10.9 percent). 

 

Transport: the prices increased by 22.4 percent, contributing 2.7 percentage points to the annual inflation rate. Within the group the prices increased for operation of personal transport equipment (29.1 percent), transport services (10.8 percent) and purchase of vehicles (3.9 percent).

 

Housing, water, electricity, gas and other fuels: the prices for the group posted a 9.4 percent increase, which contributed 0.97 percentage points to the annual inflation rate. The prices were higher for the following subgroups: maintenance and repair of the dwelling (14.4 percent), electricity, gas and other fuels (11.2 percent) and actual rentals for housing (6.5 percent).





In April 2022 the Consumer Price Index increased by 1.8 percent compared to the previous month, while the annual inflation rate amounted to 12.8 percent, the National Statistics Office of Georgia (Geostat) said on Tuesday. 

 

The agency says that the monthly inflation rate was mainly influenced by price changes for the following groups:

 

Food and non-alcoholic beverages: the prices for the group increased by 3.3 percent, contributing 1.11 percentage points to the overall monthly index change. 

 

The prices were higher for the following subgroups: vegetables (9.0 percent), oils and fats (7.4 percent), bread and cereals (4.7 percent), coffee, tea and cocoa (4.1 percent), fish (3.5 percent), fruit and grapes (3.2 percent), meat (2.2 percent), sugar, jam, honey, chocolate and confectionery (1.8 percent). 

 

Transport: the prices increased by 3.7 percent, contributing 0.46 percentage points to the monthly inflation rate. Within the group the prices mainly increased for transport services (4.6 percent) and operation of personal transport equipment (3.9 percent).

 

Clothing and footwear: the prices for the group posted a 4.9 percent increase, with the relevant contribution of 0.17 percentage points to the monthly inflation rate. Within the groups the prices were higher for both footwear (9.5 percent) and clothing (2.9 percent); 

 

Per the report, the annual inflation rate was mainly influenced by price changes for the following groups: 

 

Food and non-alcoholic beverages: the prices in the group increased by 21.3 percent, contributing 6.77 percentage points to the overall annual inflation rate. 

 

Within the group the prices increased for the following subgroups: vegetables (46.2 percent), bread and cereals (28.8 percent), mineral waters, soft drinks, fruit and vegetable juices (24.1 percent), oils and fats (20.8 percent), sugar, jam, honey, chocolate and confectionery (19.3 percent), fish (18.9 percent), milk, cheese and eggs (18.0 percent), coffee, tea and cocoa (17.6 percent), fruit and grapes (14.4 percent), meat (10.9 percent). 

 

Transport: the prices increased by 22.4 percent, contributing 2.7 percentage points to the annual inflation rate. Within the group the prices increased for operation of personal transport equipment (29.1 percent), transport services (10.8 percent) and purchase of vehicles (3.9 percent).

 

Housing, water, electricity, gas and other fuels: the prices for the group posted a 9.4 percent increase, which contributed 0.97 percentage points to the annual inflation rate. The prices were higher for the following subgroups: maintenance and repair of the dwelling (14.4 percent), electricity, gas and other fuels (11.2 percent) and actual rentals for housing (6.5 percent).