BAKU, Azerbaijan, March 2
Tamilla Mammadova – Trend:
The Consumer Price Index (CPI) increased by 1.1 percent In February 2021 compared to the previous month in Georgia, while the annual inflation rate amounted to 3.6 percent, Trend reports citing Georgian National Statistics Service (Geostat).
With regard to the annual core inflation, the prices increased by 6.6 percent, while the annual core inflation without tobacco amounted to 6.3 percent.
The monthly inflation rate was mainly influenced by price changes for the following groups:
Food and non-alcoholic beverages: the prices in the group increased by 1.1 percent, contributing 0.37 percentage points to the overall monthly inflation rate.
The prices were higher for the following subgroups: sugar, jam, honey, chocolate and confectionery (5.4 percent), oils and fats (4.9 percent), fruit and grapes (2.6 percent), mineral waters, soft drinks, fruit and vegetable juices (2.3 percent), vegetables (1.9 percent), bread and cereals (1.5 percent). At the same time, the prices were lower for milk, cheese and eggs (-2.7 percent);
Transport: the prices increased by 2.5 percent, contributing 0.32 percentage points to the overall monthly inflation rate. Within the group the prices increased for operation of personal transport equipment (3.7 percent);
Restaurants and hotels: the prices for the group posted a 3.7 percent increase, with the relevant contribution of 0.21 percentage points to the monthly inflation rate. Within the groups the prices were higher for both catering services (3.8 percent) and accommodation services (2.9 percent).
The annual inflation rate was mainly influenced by price changes for the following groups:
Food and non-alcoholic beverages: the prices in the group increased by 6.2 percent, contributing 2.03 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: oils and fats (34.3 percent), sugar, jam, honey, chocolate and confectionery (14.1 percent), coffee, tea and cocoa (12.4 percent), fish (10.6 percent), bread and cereals (8.7 percent), milk, cheese and eggs (6.4 percent), mineral waters, soft drinks, fruit and vegetable juices (6.3 percent). Along with this, the prices
decreased for fruit and grapes (-4.1 percent) and vegetables (-4.8 percent);
Health sector: the prices went up by 9.8 percent, contributing 0.76 percentage points to the overall annual inflation rate. The prices increased for medical products, appliances and equipment (14.2 percent) and outpatient services (11.5 percent);
Furnishings, household equipment and maintenance: the prices in the group increased by 12.3 percent, contributing 0.69 percentage points to the annual inflation. The prices were higher for the following subgroups: household textiles (17.8 percent), glassware, tableware and household utensils (14.9 percent), household appliances (12.9 percent), goods and services for routine household maintenance (11.8 percent), tools and equipment for house and garden (9.8 percent), furniture and furnishings, carpets and other floor coverings (9.1 percent);
Alcoholic beverages and tobacco: the prices were 8.1 percent higher, with a relevant contribution of 0.52 percentage points to the overall annual inflation rate. The prices increased for both tobacco (11.2 percent) and alcoholic beverages (5.5 percent);
Housing, water, electricity, gas and other fuels: the prices for the group posted a 21.2 percent decrease, which contributed -1.85 percentage points to the annual inflation rate. The prices were lower for the following subgroups: water supply and miscellaneous services relating to the dwelling (-33.8 percent) and electricity, gas and other fuels (-29 percent).
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