ECONOMY

Georgia's annual inflation rate hits 10.9 % in 2022

02.09.22 13:40


In August 2022, the Consumer Price Index (Inflation) increased by 0.1 % compared to the previous month, while the annual inflation rate amounted to 10.9 %, the National Statistics Office (GeoStat) announced on Friday.

 

As to the annual core inflation, the prices increased by 7.0 %, while the annual core inflation without tobacco also amounted to 7.0%, the agency stated.

 

Price changes in the following groups are the main influences on monthly inflation:

 

Food and non-alcoholic beverages (+ 0.9 %)


Restaurants and hotels (+2.3 %)


Transport (- 3.1 %)


The annual inflation rate was mainly influenced by price changes for the following groups:

 

Food and non-alcoholic beverages (+15.8 %)


Transport (+15.6 %)


Housing, water, electricity, gas and other fuels (+ 12.4 %)


Restaurants and hotels (+14.9%)

 

 

 

source: 1TV

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