The annual inflation rate in Georgia was unchanged at 7.0 percent in December of 2019, the same pace as in the previous month. It remained the highest inflation rate since June 2016, as cost advanced faster for housing & utilities (3.7 percent vs 2.7 percent in November); furniture & household equipment (3.2 percent vs 2.1 percent); miscellaneous goods & services (5.8 percent vs 5.3 percent); restaurants & hotels (7.9 percent vs 7.4 percent), health (3.5 percent vs 3.3 percent), and alcoholic beverages & tobacco (15.6 percent vs 15.4 percent). Meanwhile, cost went up softer for: food and non-alcoholic beverages (12.3 percent vs 13.4 percent); transport (2.9 percent vs 3.1 percent), and recreation & culture (6.9 percent vs 7.0 percent). On a monthly basis, consumer prices went up 0.4 percent, following a 0.9 percent rise in November.

Inflation Rate in Georgia averaged 7.17 percent from 1996 until 2019, 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.

Inflation Rate in Georgia is expected to be 4.00 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 3.10 in 12 months time. In the long-term, the Georgia Inflation Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.


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Georgia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 59.31 -3.30 1996 - 2019 percent Monthly
2005=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-03 07:00 AM Sep 6.4% 4.9% 5%
2019-11-04 07:00 AM Oct 6.9% 6.4% 5.6%
2019-12-03 07:00 AM Nov 7.0% 6.9% 6.5%
2020-01-03 07:00 AM Dec 7.0% 7.0% 6.9%
2020-02-03 07:00 AM Jan 7.0% 6.0%


News Stream
2019-12-03
Georgia Inflation Rate at Near 3-1/2 Year High of 7%
The annual inflation rate in Georgia inched higher 7.0 percent in November of 2019 from 6.9 percent in the previous month. It was the highest inflation rate since June 2016, as cost advanced faster for housing & utilities (2.7 percent vs 1.9 percent in October); transport (3.1 percent vs 3.0 percent); health (3.3 percent vs 3.2 percent); miscellaneous goods & services (5.3 percent vs 4.9 percent); restaurants & hotels (7.4 percent vs 6.9 percent), and alcoholic beverages & tobacco (15.4 percent vs 13.8 percent).Meanwhile, cost went up softer for: food and non-alcoholic beverages (13.4 percent vs 13.5 percent); furniture & household equipment (2.1 percent vs 4.2 percent); recreation & culture (7.0 percent vs 7.3 percent). On a monthly basis, consumer prices increased 0.9 percent, following a 0.8 percent gain in October.

2019-11-04
Georgia Inflation Rate at Near 2-Year High of 6.9%
The annual inflation rate in Georgia rose 6.9 percent in October of 2019 from 6.4 percent in the previous month. It was the highest inflation rate since November 2017, as cost advanced faster for food and non-alcoholic beverages (13.5 percent vs 11.7 percent in September); furniture & household equipment (4.2 percent vs 3.4 percent); recreation & culture (7.3 percent vs 6.9 percent); and restaurants & hotels (6.9 percent vs 6.7 percent). On the other hand, housing & utilities inflation was steady (at 1.9 percent). Meanwhile, inflation slowed for: transport (3.0 percent vs 3.9 percent); health (3.2 percent vs 4.0 percent); miscellaneous goods & services (4.9 percent vs 5.0 percent), and alcoholic beverages & tobacco (13.8 percent vs 14.6 percent). On a monthly basis, consumer prices increased 0.8 percent, following a 1.7 percent rise in September.

2019-10-03
Georgia August Inflation Rate Highest since 2017
The annual inflation rate in Georgia rose 6.4 percent in September of 2019 from 4.9 percent in the previous month. It was the highest inflation rate since December 2017, as cost advanced faster for food and non-alcoholic beverages (11.7 percent vs 8.0 percent in August); health (4.0 percent vs 3.9 percent); housing & utilities (1.9 percent vs 1.6 percent); furniture & household equipment (3.4 percent vs 1.5 percent); recreation & culture (6.9 percent vs 6.2 percent); alcoholic beverages & tobacco (14.6 percent vs 13.8 percent); miscellaneous goods & services (5.0 percent vs 4.3 percent) and restaurants & hotels (6.7 percent vs 3.6 percent). On the other hand, transport cost slowed (3.9 percent vs 4.4 percent). On a monthly basis, consumer prices increased 1.7 percent, following a 0.8 percent rise in August.

2019-09-03
Georgia August Inflation Rate Highest since 2017
The annual inflation rate in Georgia rose 4.9 percent in August 2019 from 4.6 percent in the previous month. It was the highest inflation rate since December 2017, as cost advanced faster for food and non-alcoholic beverages (8.0 percent vs 7.9 percent in July); transport (4.4 percent vs 3.9 percent); health (3.9 percent vs 3.5 percent); recreation & culture (6.2 percent vs 5.6 percent); alcoholic beverages & tobacco (13.8 percent vs 13.7 percent) and miscellaneous goods & services (4.3 percent vs 1.9 percent); restaurants & hotels (3.6 percent vs 3.4 percent). On the other hand, housing & utilities prices slowed (1.6 percent vs 1.7 percent) while inflation was steady for furniture & household equipment (at 1.5 percent). On a monthly basis, consumer prices increased 0.8 percent, from a flat reading in July.

2019-08-02
Georgia Inflation Rate Rises to 4.6% in July
Annual inflation rate in Georgia increased to 4.6 percent in July of 2019 from 4.3 percent in the previous month. Cost rose faster for food & non-alcoholic beverages (7.9 percent vs 6.5 percent in June); transport (3.9 percent vs 3.2 percent); health (3.5 percent vs 2.9 percent); furniture & household goods (1.5 percent vs 0.9 percent) recreation & culture (5.6 percent vs 5 percent); miscellaneous goods & services (1.9 percent vs 0.8 percent) and restaurant & hotels (3.4 percent vs 2.5 percent). On the other hand, prices slowed for housing & utilities (1.7 percent vs 1.8 percent) and alcoholic beverages & tobacco (13.7 percent vs 20.1 percent). Meanwhile, inflation was steady for education (2.6 percent) and prices continued to decrease for communication (-2.4 percent vs-2.6 percent) and clothing & footwear (-7.1 percent vs -6.9 percent). On a monthly basis, consumer prices showed no growth, after a 1 percent slump in June.

2019-07-03
Georgia Inflation Rate Slows to 4.3% in June
Annual inflation rate in Georgia decreased to 4.3% in June 2019 from 4.7% in the previous month, as prices slowed mostly for food & non-alcoholic beverages (6.5% vs 7.9% in May); health (2.9% vs 3%) and alcoholic beverages & tobacco (20.1% vs 21.1%). Meantime, inflation was steady for transport (3.2%) and housing & utilities (at 1.8%). In contrast, costs rebounded for furnishings (0.9% vs -0.2%) and rose faster for recreation & culture (5% vs 4.6%); restaurants & hotels (2.5% vs 1.3%) and miscellaneous goods & services (0.8% vs 0.6%). On a monthly basis, consumer prices fell 1%, after increasing 0.5% in the prior month.


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).

Georgia Prices Last Previous Highest Lowest Unit
Inflation Rate 7.00 7.00 59.31 -3.30 percent [+]
Consumer Price Index CPI 138.00 137.40 138.00 51.80 points [+]
GDP Deflator 103.10 102.40 114.30 96.90 points [+]
Import Prices 101.10 100.80 106.40 94.80 points [+]
Producer Prices 162.10 163.00 163.00 54.73 points [+]
Producer Prices Change 7.80 8.50 19.00 -9.76 percent [+]
Inflation Rate Mom 0.40 0.90 3.53 -4.04 percent [+]
Food Inflation 12.30 13.40 30.70 -10.93 percent [+]
Cpi Housing Utilities 101.00 100.58 115.25 95.68 points [+]
CPI Transportation 99.27 100.30 118.22 95.72 points [+]
Export Prices 101.40 102.50 111.80 95.50 points [+]
Core Inflation Rate 5.20 4.90 8.20 -0.80 percent [+]