July, 2026 - The South Caucasus News - SouthCaucasusNews.com

Georgia’s annual inflation rate reached 5.8% in June, while consumer prices increased by 0.1% compared to May, according to data released by the National Statistics Office (Geostat) on July 3.

The annual inflation rate was driven primarily by higher prices in transport (16.5%), restaurants and hotels (8.4%), miscellaneous goods and services (7.3%), housing, water, electricity, gas and other fuels (7.2%), food and non-alcoholic beverages (5.6%), alcoholic beverages and tobacco (5.4%), and healthcare (4.7%). In contrast, communication prices fell by 6.4%.

Within the food-related category, the highest annual price increases were recorded for fish (20.4%), meat (9.8%), fruit and grapes (8.7%), bread and cereals (6.6%), sugar, jam, honey, chocolate and confectionery (5.5%), oils and fats (5.5%), coffee, tea and cocoa (4.2%), mineral waters, soft drinks, fruit and vegetable juices (1.8%), milk, cheese and eggs (1.8%), and vegetables (0.4%).

On a monthly basis, prices rose for fruit and grapes (3.3%), fish (1.5%), meat (0.5%), bread and cereals (0.1%), and mineral waters, soft drinks, fruit and vegetable juices (0.1%). Prices declined for milk, cheese, and eggs (-1.5%), sugar, jam, honey, chocolate and confectionery (-1.3%), vegetables (-1.1%), and coffee, tea, and cocoa (-0.7%).

The latest figures come weeks after the disputed Parliament’s commission examining the pricing structure of food products, medicines, and fuel concluded its three-month work in May. The commission found that elevated prices are primarily linked to “inefficient operational costs,” with its chair, MP Shota Berekashvili, calling for “targeted” reforms instead of what he described as “aggressive interference.”

The European Commission’s latest European Economic Forecast projects inflation to remain elevated in 2026 due to high energy prices. According to Fitch Ratings, one of the major credit rating agencies, inflation in Georgia will “remain high over the coming months and decline gradually thereafter towards the 3% target.”

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