January inflation: Cost of food, transport rises in Georgia

Georgia's Finance Minister believes the Lari will further stabilise as the country experiences an increase in tourism and exports. Photo by N. Alavidze/Agenda.ge
Agenda.ge, 03 Feb 2017 - 12:40, Tbilisi,Georgia

Prices for meat, fish, vegetables, dairy products and eggs rose in January, reports the National Statistics Office of Georgia (Geostat).

Last month prices increased 4.2 percent for food and non-alcoholic beverages. Prices for the following were substantially higher:

  • Vegetables - (22.4 percent)
  • Fruits - (8.9 percent)
  • Milk, cheese and eggs - (3.1 percent)
  • Oils and fats - (3.1 percent)
  • Fish - (2.8 percent)
  • Meat - (2.5 percent)

Transport-related costs rose 7.2 percent in January, and prices were substantially higher for the following subgroups:

  • Operation of personal transport equipment (10.1 percent)
  • Vehicles (4.9 percent)

Georgia’s monthly inflation rates amounted to 2.9 percent in January, while the annual inflation rate (Consumer Price Index change) increased 3.9 percent, reported Geostat.