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Geostat Reviews Inflation Rate in Georgia by June 2018

In June 2018 the monthly inflation rate amounted to -0.6 percent, shares Geostat. Compared to the same month of the previous year the Consumer Price Index change (annual inflation rate) posted a 2.2 percent increase.

The monthly inflation rate was mainly influenced by price changes for the following groups:
Food and non-alcoholic beverages: prices in the group decreased by 2.6 percent, contributing -0.79
percentage points to the overall CPI change. Prices decreased for the following subgroups: fruit and
grapes (-14.6 percent), vegetables (-13.9 percent), milk, cheese and eggs (-2.3 percent), oils and fats (-0.8
percent). In the meantime, the prices increased for meat (0.9 percent);

Transport: prices went up by 0.8 percent, contributing 0.1 percentage points to the overall index change.
Prices increased for operation of personal transport equipment (1.5 percent). Meanwhile, the prices were
lower for the subgroup of purchase of vehicles (-2.1 percent);

Alcoholic beverages and tobacco: prices in the group were up by 1.1 percent, with a relevant contribution
of 0.08 percentage points to the monthly inflation. Prices increased for the subgroup of tobacco (1.6
percent).

The annual inflation rate was mainly influenced by price changes for the following groups:
Transport: prices in the group were higher by 4.6 percent, with a relevant contribution of 0.63 percentage
points to the overall index growth. Prices within the group increased for operation of personal transport
equipment (8.3 percent). Meanwhile, prices were lower for the subgroup of purchase of vehicles (-10.8
percent);

Housing, water, electricity, gas and other fuels: prices went up by 5.2 percent, contributing 0.43
percentage points to the annual inflation. The prices were higher for the subgroups of water supply and
miscellaneous services relating to the dwelling (7.7 percent) and electricity, gas and other fuels (5.8
percent);

Health: prices increased by 5.1 percent, with a relevant contribution of 0.43 percentage points to the
annual index change. Within the group prices were higher for the following subgroups: medical products,
appliances and equipment (9.2 percent), out-patient services (3.4 percent) and hospital services (2.4
percent);

Alcoholic beverages and tobacco: prices in the group increased by 4.9 percent, contributing 0.34
percentage points to the annual inflation. Prices were higher for the subgroup of tobacco (8.9 percent);
Clothing and footwear: prices decreased by 7.7 percent, which resulted in a -0.29 percentage point
contribution to the overall inflation. Prices went down both for clothing (-7.9 percent) and footwear (-6.8
percent).