Baku, Azerbaijan, Sept. 3
By Tamilla Mammadova – Trend:
The Consumer Price Index in Georgia increased by 0.8 percent in August 2019 compared to the previous month, while the annual inflation rate amounted to 4.9 percent, Trend reports with reference to the Georgian National Statistics Office (Geostat).
In the same period,the inflation rate without prices of tobacco amounted to 0.8 percent over the July 2019, while the prices increased by 4.2 percent compared to August 2018.
With regard to the annual core inflation, the prices increased by 3.8 percent, while the annual core inflation without prices of tobacco amounted to 2.4 percent.
According to the report, the prices in the food and non-alcoholic beverages group increased by 1.5 percent, contributing 0.48 percentage points to the overall monthly inflation rate. Within the group, the prices increased in the following subgroups: milk, cheese and eggs (4.8 percent), meat (2.3 percent), sugar, jam, honey, chocolate and confectionery (1.6 percent), fish (1.3 percent), oils and fats (1.2 percent). Meanwhile, the prices for vegetables decreased by 2.2 percent.
The prices in transport group went up by 0.6 percent, contributing 0.07 percentage points to the overall monthly inflation rate. The prices increased for purchase of vehicles (2 percent) and operation of personal transport equipment (0.9 percent). Meanwhile, the prices were lower for transport services (-0.5 percent), Geostat said.
The prices in health group went up by 0.7 percent, contributing 0.05 percentage points to the overall monthly inflation rate. The prices increased for medical products, appliances and equipment (1.6 percent).
The prices in alcoholic beverages and tobacco group increased by 13.8 percent, with a contribution of 0.92 percentage points. The prices for tobacco increased by 29.1 percent.
The prices in the field of recreation and culture went up by 6.2 percent, contributing 0.36 percentage points to the overall annual inflation rate. The prices in the group for recreational and cultural services increased by 6.6 percent.