The Consumer Price Index in Georgia increased by 0.2 percent in July month-on-month, while the annual inflation rate totalled 11.5 percent, the National Statistics Office of Georgia announced on Wednesday.
The agency revealed prices had increased by 7.1 percent in annual core inflation figures, excluding food and non-alcoholic beverages, energy, regulated tariffs and transport, while the annual core inflation without tobacco amounted to 7 percent.
Additionally, a 1.2 percent decrease in prices for the purchase of vehicles was reported in July.
However, in the reported period, the prices increased for milk, cheese and eggs by 3 percent, sugar, jam, honey, chocolate and confectionery by 2.9 percent, oils and fats by 2.4 percent and bread and cereals by 2 percent.
The National Bank of Georgia decided earlier today to keep the refinancing rate unchanged at 11 percent and noted the inflation rate in the country remained high, forecasting the figure would tend to decline in the current and next years and would gradually approach the target level from the second half of 2023.