ECONOMY

Geostat on August Inflation in the Country

05.09.19 15:50


The National Statistics Office of Georgia (Geostat) has published the report about the latest inflation data in the country, saying Georgia’s monthly inflation increased by 0.8% in August compared to the previous month while the annual inflation rate amounted to 4.9%.

 

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

 

Food and non-alcoholic beverages: the prices in the group increased by 1.5 percent, contributing 0.48 percentage points to the overall monthly inflation rate. Within the group, the prices were higher for the following subgroups: milk, cheese and eggs (4.8 percent), meat (2.3 percent), sugar, jam, honey, chocolate and confectionery (1.6 percent), fish (1.3 percent), oils and fats (1.2 percent). Meanwhile, the prices decreased for vegetables (-2.2 percent);

 

Transport: the prices went up by 0.6 percent, contributing 0.07 percentage points to the overall monthly inflation rate. The prices in the group increased for purchase of vehicles (2.0 percent) and operation of personal transport equipment (0.9 percent). Meanwhile, the prices were lower for transport services (-0.5 percent);

 

Health: the prices went up by 0.7 percent, contributing 0.05 percentage points to the overall monthly inflation rate. The prices increased for medical products, appliances and equipment (1.6 percent). Prices went up by 0.6 % for transport.

 

 

source: GeorgiaToday

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