January inflation: consumer price index up 1.1%, annual inflation amounts to 2.8%

The prices of food, non-alcoholic beverages, transport and housing, water, electricity, gas and other fuels have increased in Georgia month-on-month, according to the latest inflation data from the National Statistics Office of Georgia (Geostat).

Specifically, the prices of food and non-alcoholic beverages increased 2%. Prices increased for:

• Vegetables (6.1%)
• Fruit and grapes (4.4%)
• Oils and fats (4.3%)
• Milk, cheese and eggs (4%)
• Fish (1.1%)
• Transport prices increased by 1.4%. 

Within the group, prices increased for operation of personal transport equipment (2%).

Prices in the group of housing, water, electricity, gas and other fuels increased by 1.9%. The prices were higher for the following subgroups: 

• Water supply and miscellaneous services relating to the dwelling (4.3%)
• Electricity, gas and other fuels (2.1%)

Overall, in January 2021 the consumer price index increased 1.1% compared to the previous month, while the annual inflation rate amounted to 2.8%.

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 5.8%, while the annual core inflation without tobacco amounted to 5.7%", said Geostat.

As for annual inflation, prices increased in the group of food and non-alcoholic beverages (+6.4%), health (+9.7%), furnishings, household equipment and maintenance (+10.8%), alcoholic beverages and tobacco (6.9%) and housing, water, electricity, gas and other fuels (20.5%).