August inflation: prices of food, non-alcoholic beverages down in Georgia

The prices of food and non-alcoholic beverages have decreased in Georgia month-on-month by 0.5 per cent. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 03 Sep 2020 - 11:24, Tbilisi,Georgia

The prices of food and non-alcoholic beverages have decreased in Georgia month-on-month by 0.5 per cent, according to the latest inflation data from the National Statistics Office of Georgia (Geostat).

Prices were lower for:

  • Fruit and grapes (-10.6 per cent)
  • Vegetables (-2.8 per cent),
  • Coffee, tea and cocoa (-0.7 percent)

On the other hand, the prices increased for milk, cheese and eggs (+2.2 percent) and for transport. In this group the prices increased for operation of personal transport equipment (1.8 per cent).

Overall, in August 2020 the consumer price index decreased by 0.02 per cent compared to the previous month, while the annual inflation rate amounted to 4.8 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 5.7 per cent, while the annual core inflation without tobacco amounted to 5.2 per cent", said Geostat.

As for annual inflation, prices increased in the group of food and non-alcoholic beverages (+9.2 per cent), alcoholic beverages and tobacco (+8.9 per cent) and furnishings, household equipment and routine maintenance of the house (+9.7 per cent).