May inflation: prices of restaurants, hotels, transport, healthcare up in Georgia

The prices of restaurants, hotels, transport and healthcare have increased in Georgia month-on-month, according to the latest inflation data from the National Statistics Office of Georgia (Geostat).

The prices in the group of restaurants and hotels increased by 4.3 per cent. The prices were higher for catering services (4.4 per cent).

Health-related costs went up by 1.3 per cent. Prices increased for medical products, appliances and equipment (2.8 per cent).

Prices of transport increased 2.4 per cent. However, the prices were lower for operation of personal transport equipment (-4.4 percent).

Overall, in May 2020 the consumer price index increased by 0.2 per cent compared to the previous month, while the annual inflation rate amounted to 6.5 per cent.

With regard to the annual core inflation, which  is calculated by excluding the groups of food and non-alcoholic beverages, energy, regulated tariffs, transport from the consumer basket, the prices increased by 5.9 per cent, while the annual core inflation without tobacco amounted to 5.4 per cent", said Geostat.

As for the annual inflation, here prices increased in the group of food and non-alcoholic beverages (+ 14.7 per cent):

• Fruit and grapes (47.1 per cent)
• Milk, cheese and eggs (24.6 per cent)
• Fish (17.1 per cent)
• Sugar, jam, honey, chocolate and confectionery (14.5 per cent)
• Coffee, tea and cocoa (13.9 per cent)
• Meat (13.5 per cent)
• Oils and fats (13.1 per cent)
• Mineral waters, soft drinks, fruit and vegetable juices (9.5 per cent)
• Bread and cereals (9.2 per cent) 
• Vegetables (2.7 per cent)

Year-on-year prices of transport went down by 4.6 per cent. Prices decreased for operation of personal transport equipment (-6.9 percent), said Geostat.