...

Geostat reveals inflation rate in Georgia

Business Materials 3 December 2020 12:31 (UTC +04:00)
Geostat reveals inflation rate in Georgia

BAKU, Azerbaijan, Dec.3

By Tamilla Mammadova – Trend:

The Consumer Price Index (CPI) increased by 0.9 percent in November 2020 in Georgia compared to the previous month, while the annual inflation rate amounted to 3.8 percent, Trend reports referring to National Statistics Office (Geostat).

With regard to the annual core inflation, the prices increased by 5.1 percent, while the annual core inflation without tobacco amounted to 4.8 percent.

The monthly inflation rate was mainly influenced by price changes for the food and non-alcoholic beverages: the prices in the group increased by 1.8 percent, contributing 0.58 percentage points to the overall monthly inflation rate.

The prices were higher for the vegetables (7.6 percent), milk, cheese and eggs (4.7 percent), oils and fats (4.1 percent), sugar, jam, honey, chocolate, and confectionery (1.4 percent). The prices were lower for the subgroup of fruit and grapes (-7.8 percent).

The prices of transport increased by 1.1 percent, contributing 0.13 percentage points to the overall monthly inflation rate. Within the group, the prices increased for purchase of vehicles (2.2 percent) and operation of personal transport equipment (1.5 percent).

The prices on furnishings, household equipment, and maintenance increased by 0.8 percent, with a relevant contribution of 0.05 percentage points to the overall monthly inflation rate. The prices increased for household textiles (2.6 percent).

The annual inflation rate amounted to 3.8 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 6 percent, contributing 1.92 percentage points to the overall annual inflation rate. Within the group, the prices increased for the oils and fats (23.2 percent), coffee, tea and cocoa (12.2 percent), fish (9.1 percent), milk, cheese and eggs (8 percent), bread and cereals (7.1 percent), sugar, jam, honey, chocolate and confectionery (7 percent), mineral waters, soft drinks, fruit and vegetable juices (4.7 percent), meat (3.7 percent). Along with this, the prices decreased for fruit and grapes (-5.3 percent).

The prices in the health sector went up by 8.8 percent, contributing 0.71 percentage points to the overall annual inflation rate. The prices increased for medical products, appliances, and equipment (12.4 percent) and out-patient services (12 percent).

The prices of furnishings, household equipment, and maintenance increased by 10.2 percent, contributing 0.6 percentage points to the annual inflation.

The prices were higher for the glassware, tableware, and household utensils (12.7 percent), goods and services for routine household maintenance (10.4 percent), household appliances (10.1 percent), household textiles (7.4 percent), furniture and furnishings, carpets and other floor coverings (6.2 percent).

The prices in the transport sector decreased by 5.2 percent, contributing -0.64 percentage points to the overall annual inflation rate. Within the group, the prices decreased for the operation of personal transport equipment (-6.7 percent).

---

Follow the author on Twitter: @Mila6197935

Tags:
Latest

Latest