BAKU, Azerbaijan, April 4. The consumer price index in Georgia in March 2022 increased by 2.5 percent, compared to February 2022, while the annual inflation rate amounted to 11.8 percent, Trend reports via National Statistics Office (Geostat).
According to Geostat, in terms of the annual core inflation, the prices increased by 5.3 percent, while the annual core inflation without tobacco amounted to 6 percent.
The annual inflation rate was mostly influenced by price changes for the following groups:
- Transport (21.6-percent increase, contributing 2.6 percentage points to the annual inflation rate);
- Food and non-alcoholic beverages (17.8-percent increase, contributing 5.69 percentage points to the annual inflation rate);
- Housing, water, electricity, gas, and other fuels (8.4-percent increase, contributing 0.85 percentage points to the annual inflation rate).
The monthly inflation rate for March 2022 was mainly influenced by price changes for the following groups:
- Food and non-alcoholic beverages (2-percent increase, contributing 0.68 percentage points to the overall monthly index change);
- Transport (8.9-percent increase, contributing 1.03 percentage points to the monthly inflation rate).
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