Annual inflation rate increases to 12.5% in November in Georgia

The Georgian National Statistics Office says that in November 2021 the Consumer Price Index increased by 0.6 percent compared to the previous month, while the annual inflation rate amounted to 12.5 percent. With regard to the annual core inflation, the prices increased by 6.1 percent, while the annual core inflation without tobacco also amounted to 6.1 percent. 

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 0.6 percent, contributing 0.22 percentage points to the overall monthly index change. 

The prices were higher for the following subgroups: milk, cheese and eggs (4.4 percent), bread and cereals (1.5 percent), coffee, tea and cocoa (1.3 percent), oils and fats (1.0 percent), sugar, jam, honey, chocolate and confectionery (0.9 percent). Along with this, the prices decreased for vegetables (-5.1 percent), also for fruit and grapes (-2.6 percent).

Transport: the prices increased by 1.7 percent, contributing 0.22 percentage points to the monthly inflation rate. Within the group the prices increased for operation of personal transport equipment (2.4 percent); Furnishings, household equipment and maintenance: the prices increased by 1.0 percent, contributing 0.05 percentage points to the overall monthly inflation rate. The prices were higher for the following subgroups: furniture and furnishings, carpets and other floor coverings (2.3 percent), glassware, tableware and household utensils (2.1 percent), also for goods and services for routine household maintenance (2.0 percent).

Housing, water, electricity, gas and other fuels: the prices for the group posted an 11.5 percent increase, which contributed 1.68 percentage points to the annual inflation rate. The prices were higher for the following subgroups: electricity, gas and other fuels (14.2 percent), maintenance and repair of the dwelling (7.2 percent), water supply and miscellaneous services relating to the dwelling (4.5 percent). In the same period prices were lower for actual rentals for housing (-2.0 percent).