Annual inflation rate hits 11.5% in Georgia

In September 2022 the Consumer Price Index increased by 0.8 percent compared to the previous month, while the annual inflation rate amounted to 11.5 percent, the National Statistics Office of Georgia said. 

The agency said 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 1.7 percent, contributing 0.62 percentage points to the overall monthly inflation rate. 

The prices increased for the following subgroups: vegetables (7.6 percent), milk, cheese and eggs (4.6 percent), mineral waters, soft drinks, fruit and vegetable juices (2.3 percent), fruit and grapes (2.0 percent), fish (1.4 percent). At the same time, prices decreased for the following subgroups: sugar, jam, honey, chocolate and confectionery (-1.4 percent), oils and fats (-1.1 percent); 

Education: the prices for the group increased by 7.5 percent, contributing 0.32 percentage points to the overall index. The prices increased for the following subgroups: secondary education (11.6 percent), education not definable by level (8.6 percent), pre-primary and primary education (6.1 percent); Health: the prices for the group decreased by 2.0 percent, contributing -0.18 percentage points to the overall index. Within the group, the prices were lower for medical products, appliances and equipment (-3.6 percent); Transport: the prices for the group decreased by 1.3 percent, contributing -0.15 percentage points to the overall index. Within the group the prices decreased for operation of personal transport equipment (-1.6 percent).