The National Statistics Office of Georgia (Geostat) published the annual inflation report today. According to the document, in August compared to the previous year, the overall level of prices increased by 10.9%, which is 0.6 percentage points less compared to the inflation of 11.5% observed in July.
The annual inflation rate was mainly influenced by price changes for the following groups:
Food and non-alcoholic beverages: the prices in the group increased by 15.8%, contributing 5.14 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: bread and cereals (32.4%), milk, cheese and eggs (20.8%), mineral waters, soft drinks, fruit and vegetable juices (20.3%), oils and fats (19.8 %), coffee, tea and cocoa (18.7%), sugar, jam, honey, chocolate and confectionery (18.6%), fish (13.6%), meat (11.1%), fruit and grapes (2.5%). At the same time, prices decreased for the subgroup of vegetables (-9.6%);
Transport: the prices in the group increased by 15.6%, contributing 1.87 percentage points to the overall index. Within the group the prices increased for operation of personal transport equipment (18.7%), transport services (14.5%) and purchase of vehicles (1.6%);
Housing, water, electricity, gas and other fuels: the prices for the group posted a 12.4% increase, which contributed 1.19 percentage points to the annual inflation rate. The prices were higher for the following subgroups: actual rentals for housing (22.5%), maintenance and repair of the dwelling (12.8%) and electricity, gas and other fuels (6.0%);
Restaurants and hotels: the prices for the group increased by 14.9%, contributing 0.63 percentage points to the overall annual inflation rate. The prices were higher for catering services (15.4%) and for accommodation services (11.7%).
