The annual inflation rate in Georgia fell to 6.1 percent in June of 2020 from 6.5 percent in the previous month. It was the lowest rate since March, due to a plunge in transport prices (-8.6 percent vs -4.6 percent in May). In addition, inflation slowed mostly for food & non-alcoholic beverages (13.6 percent vs 14.7 percent) and housing & utilities (3.2 percent vs 4.4 percent). On a monthly basis, consumer prices were down 1.4 percent, after increasing 0.2 percent in the previous month.

Inflation Rate in Georgia averaged 7.15 percent from 1996 until 2020, reaching an all time high of 59.31 percent in April of 1996 and a record low of -3.30 percent in May of 2012. This page provides the latest reported value for - Georgia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Inflation Rate in Georgia is expected to be 5.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Georgia to stand at 3.00 in 12 months time. In the long-term, the Georgia Inflation Rate is projected to trend around 3.10 percent in 2021 and 2.90 percent in 2022, according to our econometric models.

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Georgia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.10 6.50 59.31 -3.30 1996 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-03 07:00 AM Mar 6.1% 6.4% 5.9%
2020-05-04 07:00 AM Apr 6.9% 6.1% 5.4%
2020-06-03 07:00 AM May 6.5% 6.9% 6.5%
2020-07-03 07:00 AM Jun 6.1% 6.5% 6.2%
2020-08-03 07:00 AM Jul 6.1%
2020-09-03 07:00 AM Aug
2020-10-02 07:00 AM Sep 5.7%
2020-11-03 07:00 AM Oct


News Stream
Georgia Inflation Rate Drops to 6.1% in June
The annual inflation rate in Georgia fell to 6.1 percent in June of 2020 from 6.5 percent in the previous month. It was the lowest rate since March, due to a plunge in transport prices (-8.6 percent vs -4.6 percent in May). In addition, inflation slowed mostly for food & non-alcoholic beverages (13.6 percent vs 14.7 percent) and housing & utilities (3.2 percent vs 4.4 percent). On a monthly basis, consumer prices were down 1.4 percent, after increasing 0.2 percent in the previous month.
2020-07-03
Georgia Inflation Rate Slows to 6.5% in May
The annual inflation rate in Georgia fell to 6.5 percent in May 2020 from 6.9 percent in the previous month. Prices eased for food & non-alcoholic beverages (14.7 percent vs 16.1 percent in April); and furnishings (8.3 percent vs 9.6 percent). Additionally, cost of transport dropped further (-4.6 percent vs -0.4 percent). On the other hand, prices rose at a faster pace for housing & utilities (4.4 percent vs 3.7 percent); and miscellaneous goods & services (9.4 percent vs 8 percent); and prices of communication rebounded (0.9 percent vs -0.5 percent). On a monthly basis, consumer prices went up 0.2 percent, after increasing 0.9 percent in the prior month.
2020-06-03
Georgia April Inflation Rate at 4-Month High of 6.9%
The annual inflation rate in Georgia rose to 6.9 percent in April of 20020 from 6.1 percent in the previous month. It was the highest inflation rate since last December, amid surging prices of food & non-alcoholic beverages (16.1 percent vs 13.4 percent in March); miscellaneous goods & services (8 percent vs 6.8 percent); furnishings (9.6 percent vs 4.1 percent) and housing & utilities (3.7 percent vs 3.2 percent). In contrast, costs declined for transport (-0.4 percent vs 3 percent); communication (-0.5 percent vs -1.8 percent); recreation & culture (-4.3 percent vs -4.4 percent) and clothing & footwear (-2.2 percent vs -0.9 percent). On a monthly basis, consumer prices inched up 0.9 percent, after increasing 0.7 percent in the previous month.
2020-05-04
Georgia March Inflation Rate at 7-Month-Low of 6.1%
The annual inflation rate in Georgia eased to 6.1 percent in March of 2020 from 6.4 percent in the previous month, reaching its lowest level since August of last year. Prices fell markedly for recreation & culture (-4.4 percent vs 2.5 percent) while inflation slowed mostly for alcoholic beverages & tobacco (0.6 percent vs 4.6 percent in February) and housing & utilities (3.2 percent vs 3.4 percent). On the other hand, prices advanced further for food & non-alcoholic beverages (13.4 percent vs 12.7 percent); furnishings (4.1 percent vs 3.9 percent); restaurants & hotels (8.9 percent vs 8.7 percent) and miscellaneous goods & services (6.8 percent vs 6.7 percent). On a monthly basis, consumer prices went up 0.7 percent, after increasing 0.3 percent in the previous month.
2020-04-06

Georgia Inflation Rate
In Georgia, the most important categories in the consumer price index are food and non-alcoholic beverages (31.1 percent of the total weight) and transport (12.1 percent). The index also includes: healthcare (9.8 percent); housing, water, electricity, gas and other fuels (8.2 percent); furnishings, housing appliances and equipment, routine house maintenance (6.4 percent); recreation and culture (6.2 percent); alcoholic beverages, tobacco (6 percent); education (5 percent); miscellaneous goods and services (4.8 percent); hotels, cafes and restaurants (4 percent); communication (3.2 percent) and clothing and footwear (3.1 percent).