The annual inflation rate in Georgia slowed to 10.4% in November of 2022 from 10.6% in the previous month. It was the lowest inflation rate since June of 2021, as prices eased for transport (8.2% vs 11.6%), restaurant and hotels (15.9% vs 16.8%), and miscellaneous goods and services (11.8% vs 12.1%). Meanwhile, prices continued to increase for both food and non-alcoholic beverages (16.8% vs 15.8%) and housing and utilities (15.4% vs 13.5%). On a monthly basis, consumer prices advanced by 0.5%, the same pace as in October. source: National Statistics Office of Georgia
Inflation Rate in Georgia averaged 7.35 percent from 1996 until 2022, 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 December of 2022.
Inflation Rate in Georgia is expected to be 10.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Inflation Rate is projected to trend around 6.00 percent in 2023 and 4.50 percent in 2024, according to our econometric models.