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Inflation Rate Reduced in Georgia

In February 2018, the inflation rate in Georgia amounted to 0.2 percent and the annual inflation rate was 2.7 percent.

According to the statistical data, prices have changed substantially on the formation of the inflation rate: Food and non-alcoholic beverages: Prices increased by 0.4 percent, which was reflected in the inflation rate at 0.13 percentage points. Prices increased on fruit and grapes (10.4 percent), vegetables and potatoes (2.9 percent) and fish (1.5 percent). Besides, the prices for milk, cheese and eggs (-2.3 percent), sugar, jam and other sweets (-1,6 percent) decreased. Hotels, cafes and restaurants: prices rose by 2,1 percent, which was reflected in the overall inflation rate at 0,09 percentage points. Prices increased on public nutrition (2.3 percent) and nightly services (0,7 percent); Alcoholic beverages and tobacco: prices increased by 1.2 percent. Accordingly, the contribution of the group to the overall index was 0,08 percentage points. Prices increased as tobacco products (2,1 percent) and alcoholic beverages (0,4 percent); Clothing and footwear: prices decreased by 2.2 percent. Consequently, the contribution of the group to the overall index amounted to -0,08 percentage points. In the group, the price decreased on shoes(-5.4 percent).

Prices have been a major influence on the formation of annual inflation rates for the following groups: food and non-alcoholic beverages: prices increased by 3.4 percent, which was reflected in the growth of the overall index by 1.04 percentage points. Fruits and grapes (22.3 percent), milk, cheese and eggs (6.2 percent), meat and meat products (3.9 percent), coffee, tea and cocoa (3.3 percent) And fat (2.7 percent), fish (2.6 percent); Alcoholic beverages and tobacco: Prices increased by 7.4 percent, which was reflected in a 0.49 percentage point increase in overall index growth. In the group, the price rise was observed on tobacco products (11.8 percent) and alcoholic beverages (2.9 percent); Transport: Prices increased by 2.9 percent, which was reflected on annual inflation by 0.41 percentage points. Prices increased for transportation services (4,3 percent) and the exploitation of personal transport (3.9 percent). In addition, prices decreased for the purchase of vehicles (-11,1 percent); Health: Prices increased by 4,3 percent, which was reflected in the growth of the overall index by 0.35 percentage points. The prices for the group increased to the subgroups: medical products, equipment and equipment (5.7 percent), outpatient medical services (4,3 percent) and hospital services (2.6 percent).