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Georgia publishes update on inflation rate in September 2022

Georgia Materials 3 October 2022 14:35 (UTC +04:00)
Georgia publishes update on inflation rate in September 2022
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, October 3. The consumer price index increased by 0.8 percent in Georgia in September 2022, compared to August 2022, Trend reports referring to the National Statistics Office of Georgia (Geostat).

According to Geostat, the annual inflation rate in Georgia amounted to 11.5 percent in September 2022. In terms of the annual core inflation, the prices increased by 7.5 percent, and the annual core inflation without tobacco also amounted to 7.5 percent.

The annual inflation rate in September 2022 was mostly influenced by price changes for the following groups:

- Food and non-alcoholic beverages (17.6-percent increase, contributing 5.74 percentage points to the annual inflation rate);

- Transport (14.1-percent increase, contributing 1.69 percentage points to the annual inflation rate);

- Housing, water, electricity, gas, and other fuels (12.2-percent increase, contributing 1.18 percentage points to the annual inflation rate);

- Restaurants and hotels (15.7 percent, contributing 0.67 percentage points to the annual inflation rate).

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