December 2019: monthly prices up 0.4 per cent

In December 2019 monthly prices in Georgia increased by 0.4 per cent, while the annual inflation rate amounted to 7 per cent, show the latest inflation data from the National Statistics Office of Georgia (Geostat).

Prices for food and non-alcoholic beverages in Georgia increased by 1.4 per cent compared to the previous month, contributing 0.44 per cent of the overall monthly inflation.   

In particular monthly prices increased in the following subgroups:

• Vegetables - 3.7 percent
• Fruit and grapes- 2.9 percent
• Meat - 2.3 percent
• Fish - 2.1 percent
• Milk, cheese and eggs - 1.1 percent

Along with this, prices decreased for sugar, jam, honey, chocolate and confectionery by 1.0 percent.  

An increase of monthly prices mostly occurred in the following groups:

• Food and alcoholic beverages – 1.4 per cent 
• Housing, water, electricity, gas and other fuels - 1 per cent
• Restaurants and hotels – 0.4 per cent 

A decrease of monthly prices mostly occurred in the following groups:

• Clothing and footwear – 0.9 per cent
• Transport – 0.7 per cent
• Recreation and culture – 0.4 per cent

Annual prices of food and non-alcoholic beverages increased by 12.3 per cent compared to December last year contributing 3.78 per cent of overall annual inflation.