May 2021: prices of transport, restaurants, hotels, furnishings, household equipment, up in Georgia
Prices in the group of restaurants and hotels increased by 1.4%. The prices increased for accommodation services (2.5%) and catering services (1.3%). Photo: Nino Alavidze/Agenda.ge.
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The prices of transport, restaurants and hotel food, furnishings, household equipment and maintenance have increased in Georgia month-on-month, according to the latest inflation data from the National Statistics Office of Georgia (Geostat).
In May 2021 transport prices increased by 2%. Within the group, prices increased for operation of personal transport equipment (2.8%).
Prices in the group of restaurants and hotels increased by 1.4%. The prices increased for accommodation services (2.5%) and catering services (1.3%).
Prices in the group of furnishings, household equipment and maintenance increased by 1.7%.
The prices were higher for the following subgroups:
- Furniture and furnishings, carpets and other floor coverings (3.4%)
- Glassware, tableware and household utensils (3.2%)
- Tools and equipment for house and garden (2.2%)
- Goods and services for routine household maintenance (2.1%)
- Household textiles (2%)
Overall, in May 2021 the consumer price index increased 0.7% compared to the previous month, while the annual inflation rate amounted to 7.7%.
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 6.5%, while the annual core inflation without tobacco amounted to 6.4%", said Geostat.
As for annual inflation, prices increased in the group of transport (+17.4%), health (+13.4%), housing, water, electricity, gas and other fuels (+6.6%) and food and non-alcoholic beverages (+3.3%).
In March 2021 the consumer price index increased by 4.2% compared to the previous month, while the annual inflation rate amounted to 7.2%, according to the latest inflation data from the National Statistics Office of Georgia (Geostat).
The prices of food, non-alcoholic beverages, transport and restaurants and hotels have increased in Georgia month-on-month, according to the latest inflation data from the National Statistics Office of Georgia (Geostat).
In April 2021 the consumer price index increased by 0.9% compared to the previous month, while the annual inflation rate amounted to 7.2%, according to the latest inflation data from the National Statistics Office of Georgia (Geostat).
The National Bank of Georgia (NBG) has increased the refinancing rate by one percentage point to 9.50% as a result of which loans for about 125,000 borrowers will increase by one per cent, says the non-government organisation Society and Banks.
The Georgian central bank is leaving the refinancing rate unchanged at 9.5% following a meeting of the monetary policy committee, whose decisions on changes to the monetary policy rate rely on current and expected developments in the economy and financial markets.
In June 2021 the consumer price index increased by 0.7% compared to the previous month, while the annual inflation rate amounted to 9.9%, show to the latest inflation data from the National Statistics Office of Georgia (Geostat). As for annual inflation, prices increased in the group of transport (+22%), housing, water, electricity, gas and other fuels (10.05%) and food and non-alcoholic beverages (+8.8%).
In September the consumer price index has increased by 0.2% compared to the previous month, while the annual inflation rate amounted to 12.3%, the National Statistics Office of Georgia (Geostat) reports. "With regard to the annual core inflation, the prices increased by 6.3%, while the annual core inflation without tobacco amounted to 6.3%,” Geostat says.
The Consumer Price Index in October 2021 increased by 1.3% compared to the previous month, while the annual inflation rate in Georgia stood at 12.8%, the latest inflation data of the National Statistics Office of Georgia (Geostat) show.