Cost of food in Georgia increased 5.50 percent in October of 2020 over the same month in the previous year, the least since March 2019. source: National Bank of Georgia
Food Inflation in Georgia averaged 6.93 percent from 2005 until 2020, reaching an all time high of 30.70 percent in May of 2011 and a record low of -10.93 percent in May of 2012. This page provides the latest reported value for - Georgia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Food Inflation - values, historical data and charts - was last updated on November of 2020.
Food Inflation in Georgia is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Georgia to stand at 3.50 in 12 months time. In the long-term, the Georgia Food Inflation is projected to trend around 3.50 percent in 2021, according to our econometric models.