Geostat Reveals Highs and Lows of Prices in Georgia

According to Georgia’s National Statistics Office (Geostat), the monthly inflation rate amounted to 0.02 percent. The prices for food and non-alcoholic beverages decreased 1.9 percent, contributing -0.59 percentage points to the overall monthly inflation. However, people still pay more for fruit. The prices for fruit and grapes increased by 5.6 percent while prices are continuing to drop for milk, cheese, eggs and vegetables.

In June 2015 costs related to housing, water, electricity, gas and other fuels were 0.7 percent lower than in May 2015. In the same time frame, clothing and footwear costs dropped by 3.3 percent while the prices rose for alcoholic beverages and tobacco by 13.8 percent and 8.7 percent respectively.

In June 2015 the annual inflation rate equaled 4.5 percent. The rate was mainly formed by price changes for food and non-alcoholic beverages (increasing by 5.7 percent over the year), health (increasing by 7.4 percent) in which category the prices rose for medical products, appliances and equipment, and hospital services.

Geostat also noted that the cost of transport has increased by 3.1 percent.

Nino Melikishvili