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Georgia’s monthly inflation rate in January amounts to 0.2 %

Georgia’s monthly inflation rate in January 2015 amounts to 0.2 percent, revealed the latest data from the National Statistics Office of Georgia (Geostat). In the reporting period the inflation rate is formatted following the price changes of alcohol, cigarettes, vegetables and other basic needs.

The price for food and non-alcoholic beverages increased by 1.2 percent, contributing 0.38 percentage points to the overall monthly index. The following subgroups posted significant price increases: vegetables (7.5 percent), fruit and grapes (4.2 percent) and milk, cheese and eggs (1.3 percent).

The price of alcoholic beverages and tobacco increased by 4.5 percent, contributing 0.23 percentage points to the overall monthly index. This change was mainly attributable to the 7.6 percent price increase for the subgroup of tobacco.

The 3.7 percent price decrease was recorded in the reporting period in the group of transport, which contributed -0.44 percentage points to the overall monthly index. The prices were down for fuels and lubricants (-7.3 percent).

In January 2015 the annual inflation rate in Georgia equaled 1.4 percent.

The most significant contributions to the annual inflation rate were made by price changes for the following groups:

Health: the prices increased 7.3 percent in the reporting period which had an impact of 0.75 percentage points on the annual inflation. In the group the prices increased for medical products, appliances and equipment (15.8 percent);

Food and non-alcoholic beverages: the prices for the group increased 1.7 percent, contributing 0.53 percentage points to the overall annual inflation rate. The following subgroups posted significant price increases: fruit and grapes (20.9 percent), meat (3.6 percent) and fish (3.1 percent). Along with this, the prices decreased for vegetables (-4.6 percent);

Alcoholic beverages, tobacco: the prices increased 6.6 percent, contributing 0.34 percentage points to the overall annual index. The prices significantly increased for tobacco (9.3 percent);

Transport: the prices for the group decreased 5.9 percent, contributing -0.71 percentage points to the overall annual inflation rate. The prices were down for fuels and lubricants (-12.3 percent).