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. 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.

Inflation Rate in Georgia is expected to be 5.00 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 3.50 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.

Georgia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-03 07:00 AM Inflation Rate YoY May 4.7% 4.1% 4.4%
2019-07-03 07:00 AM Inflation Rate YoY Jun 4.3% 4.7% 4.6%
2019-08-02 07:00 AM Inflation Rate YoY Jul 4.6% 4.3% 4.3%
2019-09-03 07:00 AM Inflation Rate YoY Aug 4.9% 4.6% 4.5%
2019-10-03 07:00 AM Inflation Rate YoY Sep 4.9% 5%
2019-11-04 07:00 AM Inflation Rate YoY Oct 5.1%
2019-12-03 06:00 AM Inflation Rate YoY Nov 4.8%


Georgia Prices Last Previous Highest Lowest Unit
Inflation Rate 4.90 4.60 59.31 -3.30 percent [+]
Consumer Price Index CPI 132.90 131.90 133.20 51.80 Index Points [+]
GDP Deflator 102.40 103.60 114.30 96.90 Index Points [+]
Import Prices 102.20 101.50 106.40 94.80 Index Points [+]
Producer Prices 157.80 153.00 157.80 54.73 Index Points [+]
Producer Prices Change 10.70 6.40 19.00 -9.76 percent [+]
Inflation Rate Mom 0.80 0.00 3.53 -4.04 percent [+]
Food Inflation 7.90 6.50 30.70 -10.93 percent [+]
Cpi Housing Utilities 100.08 99.96 115.25 95.68 Index Points [+]
CPI Transportation 100.63 101.81 118.22 95.72 Index Points [+]
Export Prices 102.50 100.80 111.80 95.50 Index Points [+]
Core Inflation Rate 3.80 3.40 8.20 -0.80 percent [+]


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). 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 4.60 59.31 -3.30 1996 - 2019 percent Monthly
2005=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 2.00 Jul/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.50 Aug/19
Japan 0.50 Jul/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.00 Jul/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 2.10 Jul/19
United States 1.70 Aug/19


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