The annual inflation rate in Georgia dropped to 2.4 percent in December of 2020 from 3.8 percent in the previous month. It was the lowest inflation rate since February of 2019, amid a decline in prices of housing & utilities (-21.7 percent vs 1.4 percent in November), due to lower prices of water supply and miscellaneous services relating to the dwelling (-36.5 percent) and electricity, gas and other fuels (-30.1 percent). Also, prices of restaurants & hotels increased less (3.5 percent vs 5.9 percent).Prices continued to increase for both food and non-alcoholic beverages (6.8 percent vs 6.0 percent) and health (9.6 percent vs 8.8 percent). Meanwhile, cost drop further mostly for transport (-2.3 percent vs -5.2 percent) and recreation & culture (-2.8 percent vs -4.2 percent). On a monthly basis, consumer prices fell 1.0 percent, the first monthly decrease since July, after a 0.9 percent growth in the previous month. source: National Bank of Georgia

Inflation Rate in Georgia averaged 7.09 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 January of 2021.

Inflation Rate in Georgia is expected to be 2.80 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 3.50 in 12 months time. In the long-term, the Georgia Inflation Rate is projected to trend around 3.50 percent in 2022, according to our econometric models.

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Georgia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 3.80 59.31 -3.30 1996 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-02 07:00 AM Sep 3.8% 4.8% 4.2%
2020-11-03 07:00 AM Oct 3.8% 3.8% 3.9%
2020-12-03 07:00 AM Nov 3.8% 3.8% 3.6%
2021-01-04 07:00 AM Dec 2.4% 3.8% 3.6%
2021-02-03 07:00 AM Jan 2.4% 3.2%
2021-03-02 07:00 AM Feb 3.5%
2021-04-02 07:00 AM Mar
2021-05-04 07:00 AM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Georgia Inflation Rate Eases to Near 2-Year Low
The annual inflation rate in Georgia dropped to 2.4 percent in December of 2020 from 3.8 percent in the previous month. It was the lowest inflation rate since February of 2019, amid a decline in prices of housing & utilities (-21.7 percent vs 1.4 percent in November), due to lower prices of water supply and miscellaneous services relating to the dwelling (-36.5 percent) and electricity, gas and other fuels (-30.1 percent). Also, prices of restaurants & hotels increased less (3.5 percent vs 5.9 percent).Prices continued to increase for both food and non-alcoholic beverages (6.8 percent vs 6.0 percent) and health (9.6 percent vs 8.8 percent). Meanwhile, cost drop further mostly for transport (-2.3 percent vs -5.2 percent) and recreation & culture (-2.8 percent vs -4.2 percent). On a monthly basis, consumer prices fell 1.0 percent, the first monthly decrease since July, after a 0.9 percent growth in the previous month.
2021-01-04
Georgia Inflation Rate Stays at 18-Month Low
The annual inflation rate in Georgia came in at 3.8 percent in November of 2020, unchanged from the previous two months. It was the lowest inflation rate since March of 2019, amid a slowdown in prices of housing & utilities (1.4 percent vs 1.6 percent in October) and health (8.8 percent vs 9.0 percent). Prices rose further for food and non-alcoholic beverages (6.0 percent vs 5.5 percent) and restaurants & hotels (5.9 percent vs 5.2 percent). In addition, cost continued to fall mostly for transport (-5.2 percent vs -6 percent) and recreation & culture (-4.2 percent vs -2.9 percent). On a monthly basis, consumer prices rose 0.9 percent, after a 0.8 percent gain in the previous month.
2020-12-03
Georgia Inflation Rate Stays at 1-1/2- Year Low
The annual inflation rate in Georgia came in at 3.8 percent in October of 2020, unchanged from the previous month. It was the lowest inflation rate since March of 2019, amid a slowdown in prices of food and non-alcoholic beverages (5.5 percent vs 6.3 percent in September) and restaurants & hotels (5.2 percent vs 5.7 percent), while housing & utilities inflation was steady (at 1.6 percent). In addition, cost continued to fall mostly for transport (-6 percent vs -7 percent) and recreation & culture (-2.9 percent vs -2.8 percent). On a monthly basis, consumer prices were up 0.8 percent, after a 0.7 percent growth in the previous month.
2020-11-03
Georgia September Inflation Rate at 1-1/2-Year Low of 3.8%
The annual inflation rate in Georgia fell to 3.8 percent in September of 2020 from 4.8 percent in the previous month. It was the lowest inflation rate since March of 2019, amid a slowdown in prices of food and non-alcoholic beverages (6.3 percent vs 9.2 percent in August); housing & utilities (1.6 percent vs 3 percent) and restaurants & hotels (5.7 percent vs 7.4 percent). In addition, cost continued to fall mostly for transport (-7 percent vs -8.9 percent) and recreation & culture (-2.8 percent vs -2 percent). On a monthly basis, consumer prices inched up 0.7 percent, after being flat in the previous month.
2020-10-02

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).