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Inflation in Georgia Reaches 4-year Low

Rate of inflation in Georgia has intensified. According to the data by Geostat In November 2015 the annual inflation rate in Georgia equaled 6.3 percent, which is 4-year maximum.

According to Geostat, in November inflation rate equaled to 0/3% compared to previous year.

The annual inflation rate was mainly influenced by price changes for the following groups:

Food and non-alcoholic beverages: the prices surged 5.2 percent and contributed 1.58 percentage points to the overall inflation rate. It is worth noting price increases for the following subgroups: fruit and grapes (22.9 percent), oils and fats (15.3 percent) and coffee, tea and cocoa (10.2 percent);

Health: the prices increased 11.5 percent, with the relevant contribution of 1.09 percentage points to the overall annual inflation. The prices mainly rose for the subgroup of medical products, appliances and equipment (28.3 percent);

Furnishings, household equipment and maintenance: the prices for the group increased 12.9 percent, contributing 0.81 percentage points to the overall index change;

Housing, water, electricity, gas and other fuels: the prices increased 9.2 percent compared to previous month, contributing 0.78 percentage points to the overall inflation rate. Prices substantially grew