Prices for Food and Beverages Increased in January

The National Statistics Office of Georgia (Geostat) has presented the latest inflation data, which shows that there is a fluctuation and increase in prices on a number of products across the country. The list of goods with augmented prices, includes: vegetables, milk, cheese, egg, bread and cereals.

In January 2019, the prices of food and non-alcoholic beverages increased by 3.2%, contributing 0.98 percentage points to the overall monthly inflation rate. The growth in prices was faced by the following subgroups: vegetables (15.8%), fruit and grapes (5.8%), milk, cheese and eggs (4.7%), bread and cereals (1.4%), and fish (1.4%).

The price of alcoholic beverages and tobacco increased by 5.8% with a relevant contribution of 0.39 percentage points to the overall monthly consumer price index (CPI). The price of tobacco increased by 12.5%.

In January, the consumer price index increased by 1.3% compared to the previous month, while the annual inflation rate amounted to 2.2%, says Geostat.

By Ketevan Kvaratskheliya

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