GeoStat: EU methodology calculated inflation at -0.5% in July- kavkazplus.com

ECONOMY

GeoStat: EU methodology calculated inflation at -0.5% in July

10.08.23 17:00

According to the Harmonized Index of Consumer Prices (HICP) methodology, the Georgian National Statistics Service (GeoStat) has calculated the inflation rate at -0.5% for July 2023. This figure is 0.8% lower than the inflation rate calculated using the national methodology, which was set at 0.3%.

The percentage changes compared to the corresponding period in 2022, as per the EU HICP methodology, are as follows:

Food and non-alcoholic beverages: -0.2%;

Alcoholic beverages and tobacco: 6.4%;

Clothing and shoes: 0.8%;

Housing, water, electricity, gas, and other types of heating: 3.5%;

Furniture, household items and decorations, home care, and repair: 1.4%;

Healthcare: -7.3%;

Transport: -13.1%;

Communication: -2.7%;

Leisure, entertainment, and culture: 1.0%;

Education: 7.0%;

Hotels, cafes, and restaurants: 6.1%;

Various goods and services: 9.9%.

source: 1TV

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