July inflation: prices of food, clothing, footwear down in Georgia

The prices of food and non-alcoholic beverages, clothing and footwear have decreased in Georgia month-on-month, according to the latest inflation data from the National Statistics Office of Georgia (Geostat).

On the other hand, prices increased for coffee, tea and cocoa (2 per cent) and for transport:

• Purchase of vehicles (1.4 per cent)
• Operation of personal transport equipment (1.4 per cent)

Prices in the group of clothing and footwear decreased by four per cent: 

• Clothing (-4.8 per cent); and
• Footwear (-2.7 per cent)

Prices for food and non-alcoholic beverages decreased by 1.6 per cent.

Prices were lower for:

• Fruit and grapes (-11.7 per cent)
• Vegetables (-8.2 per cent); and
• Sugar, jam, honey, chocolate and confectionery (-2.7 per cent)

Overall, in July 2020 the consumer price index decreased by 0.5 per cent compared to the previous month, while the annual inflation rate amounted to 5.7 per cent.

With regard to 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 6.1 per cent, while the annual core inflation without tobacco amounted to 5.8 per cent", said Geostat.

As for annual inflation, prices increased in the group of food and non-alcoholic beverages (+11.5 per cent), alcoholic beverages and tobacco (+9 per cent), while the prices went down for transport by 9.3 per cent.