BAKU, Azerbaijan, August 3
By Tamilla Mammadova – Trend:
In July 2020, the Consumer Price Index (CPI) decreased by 0.5 percent in Georgia compared to the previous month, Trend reports referring to National Statistics Office of Georgia (Geostat).
The monthly inflation rate was mainly influenced by price changes for the food and non-alcoholic beverages: the prices in the group decreased by 1.6 percent, contributing -0.51 percentage points to the overall monthly inflation rate.
The prices were lower for the fruit and grapes (-11.7 percent), vegetables (-8.2 percent), sugar, jam, honey, chocolate and confectionery (-2.7 percent). Furthermore, the prices increased for coffee, tea and cocoa (2 percent).
The prices for clothing and footwear decreased by 4 percent, contributing -0.15 percentage points to the overall monthly inflation rate. The prices went down for both clothing (-4.8 percent) and footwear (-2.7 percent).
The prices for transport increased by 1 percent, contributing 0.11 percentage points to the overall monthly inflation rate. Within the group, the prices increased for purchase of vehicles (1.4 percent) and operation of personal transport equipment (1.4 percent).
As reported, the annual inflation rate amounted to 5.7 percent. With regard to the annual core inflation, the prices increased by 6.1 percent, while the annual core inflation without tobacco amounted to 5.8 percent.
The annual inflation rate was mainly influenced by price changes for the food and non-alcoholic beverages: the prices in the group increased by 11.5 percent, contributing 3.55 percentage points to the overall annual inflation rate.
Within the group, the prices increased for the fruit and grapes (32 percent), coffee, tea and cocoa (17.4 percent), milk, cheese and eggs (14.6 percent), fish (14.3 percent), oils and fats (12.6 percent), meat (11.5 percent), mineral waters, soft drinks, fruit and vegetable juices (10.2 percent), bread and cereals (9.4 percent) and sugar, jam, honey, chocolate and confectionery (5.1 percent).
The prices for alcoholic beverages and tobacco increased by 9 percent, with a relevant contribution of 0.61 percentage points to the overall annual inflation rate.
The prices increased for both tobacco (12.7 percent) and alcoholic beverages (5.9 percent).
The prices for transport went down by 9.3 percent, which resulted in a -1.18 percentage point contribution to the overall annual inflation rate. The prices decreased for operation of personal transport equipment (-11.9 percent) and transport services (-7.1).
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