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Monthly Inflation Rate Amounted 1.1% in Georgia

In September 2015 the monthly inflation rate in Georgia amounted to 1.1 percent. The following table shows percentage changes in prices for the commodity groups of the consumer basket as well as the relevant contributions to the overall inflation rate, Georgia’s National Office of Statists writes.

The monthly inflation rate was mainly formed by price changes for the following groups: Food and non-alcoholic beverages: the prices for the group increased 1.2 percent and contributed 0.37 percentage points to the overall index change. The prices mainly rose for the following subgroups: milk, cheese and eggs (3.7 percent), meat (2.0 percent), oils and fats (1.0 percent) and vegetables (1.0 percent).

Geostat Inflation
Source: Geostat

Housing, water, electricity, gas and other fuels: the prices increased 2.4 percent compared to previous month, contributing 0.23 percentage points to the overall monthly inflation. This change was mainly due to the 4.6 percent price increase for electricity, gas and other fuels.

Health prices increased 2.2 percent contributing 0.20 percentage points to the overall inflation rate.