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.

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Georgia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-03 07:00 AM Oct 10.6% 11.5% 12%
2022-12-02 07:00 AM Nov 10.4% 10.6% 10.5%
2023-01-03 11:30 AM Dec


Related Last Previous Unit Reference
Inflation Rate 10.40 10.60 percent Nov 2022
Consumer Price Index CPI 177.30 176.50 points Nov 2022
Food Inflation 16.80 15.80 percent Nov 2022

Georgia Inflation Rate
In Georgia, the most important categories in the consumer price index are food and non-alcoholic beverages (33 percent of the total weight) and transport (12 percent). The index also includes: healthcare (9 percent); housing and utilities (9 percent); alcoholic beverages, tobacco (7 percent); other goods and services (5 percent); furniture, household items and decoration, home care and repair (5 percent); and education (5 percent). Clothing and footwear; hotels, cafes and restaurants; communication; and recreation and culture account for the remaining 15 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
10.40 10.60 59.31 -3.30 1996 - 2022 percent Monthly
NSA

News Stream
Georgia Inflation Rate Eases to Near 1-1/2-Year Low
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.
2022-12-02
Georgia Inflation Rate Eases in October
The annual inflation rate in Georgia eased to 10.6% in October of 2022 from 11.5% in the previous month. It was the softest inflation rate since June of 2021, as prices slowed for food and non-alcoholic beverages (15.8% vs 16.4%), and transport (11.6% vs 14.1%). Conversely, cost rose faster in housing and utilities (13.5% vs 12.2%), restaurant and hotels (16.8% vs 15.7%), and miscellaneous goods and services (12.1% vs 11.7%). On a monthly basis, consumer prices rose by 0.5%, slowing from a 0.8% in September.
2022-11-03
Georgia Inflation Rate Accelerates to 11.5% in September
The annual inflation rate in Georgia accelerated to 11.5% in September of 2022 from August's 14-month low of 10.9%. Food prices rose by 17.6%, the most in three months, primarily attributed to bread and cereals; milk, cheese and eggs; and mineral waters, soft drinks, fruit and vegetables. Additional upward pressures largely came from cost of transport (14.1% vs 15.6% in August); housing & utilities (12.2% vs 12.4%); miscellaneous goods & services (11.7% vs 10.6%) and restaurants & hotels (15.7% vs 14.9%). On a monthly basis, consumer prices rose by 0.8%, the most in three months, following a 0.1% gain in the previous month
2022-10-03