BAKU, Azerbaijan, November 4
By Tamilla Mammadova – Trend:
The Consumer Price Index (CPI) increased by 0.8 percent in October 2019 in Georgia compared to September 2019, Trend reports refgerring to National Statistics Office of Georgia.
Meanwhile, the annual inflation rate amounted to 6.9 percent.
In the same period, the inflation rate without tobacco increased by 0.8 percent over the October 2018, while the prices increased by 6.2 percent.
With regard to the annual core inflation, the prices increased by 4.7 percent, while the annual core inflation without tobacco amounted to 3.4 percent.
The monthly inflation rate was mainly influenced by price changes for food and non-alcoholic beverages: the prices in the group increased by 1.6 percent, contributing 0.5 percentage points to the overall monthly inflation rate.
Within the group the prices were higher for the following subgroups: milk, cheese and eggs (2.7 percent), meat (2.3 percent), vegetables (1.7 percent), oils and fats (1.6 percent), fish (1.4 percent) and also fruit and grapes (1 percent).
The prices increased for footwear (10.9 percent) and clothing (3.9 percent), contributing 0.18 percentage points to the overall inflation rate.
The annual inflation rate was mainly influenced by price changes for food and non-alcoholic beverages: the prices in the group went up by 13.5 percent, contributing 4.02 percentage points to the overall annual inflation rate.
The prices were higher for the following subgroups: fruit and grapes (26.9 percent), milk, cheese and eggs (16.0 percent), fish (15.8 percent), meat (14.7 percent), sugar, jam, honey, chocolate and confectionery (13.7 percent), vegetables (12.4 percent), also bread and cereals (11.0 percent).
The prices on alcoholic beverages and tobacco increased by 13.8 percent, with a relevant contribution of 0.92 percentage points to the overall annual CPI growth.
The prices increased for recreational and cultural services (6.3 percent).
The prices on transport increased by 3 percent, which resulted in a 0.36 percentage point contribution to the overall annual inflation rate.
The prices were higher for purchase of vehicles (8.1 percent), operation of personal transport equipment (3.1 percent) and transport services (1.7 percent).
The prices in restaurants and hotels area went up by 6.9 percent, contributing 0.3 percentage points to the overall annual inflation rate. The prices in the group increased for catering services (8.3 percent).
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