Georgia’s June inflation reaches 3.1% in EU methodology

Inflation in Georgia, calculated using the European Union methodology, amounted to 3.1 percent in June, reflecting a 0.9 percent increase compared to the 2.2 percent inflation calculated by the national methodology, the National Statistics Office of Georgia said on Wednesday.

The percentages of change in specific categories year-on-year, as per the EU methodology, were as follows:

• Transport at 10.2%
• Hotels, cafes, and restaurants at 9.9%
• Education at 3.7%
• Clothing and shoes at 3.4%
• Alcoholic beverages and tobacco at 2.8%
• Various goods and services at 2.5%
• Food and non-alcoholic beverages at 1.0%
• Healthcare at 0.7%
• Leisure, entertainment, and culture at 0.1%
• Communication at -1.1%
• Furniture, household items and decoration, home care and repair at -3.6%
• Housing, water, electricity, gas, and other types of heating at -2.4%

Inflation data using national methodology showed month-on-month prices of food and non-alcoholic beverages decreased by two percent. At the same time, prices increased for oils and fats (2.3 percent), fish (one percent), coffee, tea and cocoa (0.5 percent), milk, cheese and eggs (0.5 percent), the Office said.

• Inflation in June down by 0.5%, annual figure at 2.2% - Georgian National Statistics Office

The inflation data also showed the rise in prices for alcoholic beverages and tobacco (by 0.9 percent), along with increased costs for accommodations (by 3.8 percent) and catering services (by 0.8 percent).

The annual inflation rate was also influenced by price changes for transport (+11 percent), restaurants and hotels (+7.5 percent), alcoholic beverages and tobacco (+3.4 percent), and food and non-alcoholic beverages (1.9 percent).