October 2021: annual inflation rate up to 12.8%

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. 

With regard to the annual core inflation, [which is calculated by excluding food and non-alcoholic beverages, energy, regulated tariffs, and transport from the consumer basket], the prices increased by 6.3%, while the annual core inflation without tobacco amounted to 6.2%,” Geostat reports. 

• Annual inflation at 12.8% in August, breaking 10 year record high

The monthly inflation rate was mainly influenced by price changes in the following groups:

• Food and non-alcoholic beverages (+3%)
• Clothing and footwear (+9.2%)

While the annual inflation rate was mainly influenced by price changes in the following groups:

• Food and non-alcoholic beverages (+18.4%)
• Transport (+19.6%)
• Housing, water, electricity, gas and other fuels (+11.9%)
• Health (+8.4%)

Image: Geostat.  

The prices were higher for the following subgroups:

• Vegetables (+9%)
• Bread and cereals (+5.5%)
• Fish (+4.2%)
• Milk, cheese and eggs (+3.6%)
• Sugar, jam, honey, chocolate and confectionery (+1.2%)

However, the prices of fruit decreased by 1.1%. 

• September 2021: annual inflation rate amounts to 12.3%

Meanwhile, the estimated real GDP growth rate in September 2021 amounted to 6.9% year-on-year, while in January-September of 2021 year-on-year growth amounted to 11.3%, Geostat reported earlier.