Georgia’s annual inflation rate remained low at 0.3% in October 2024, the National Statistics Office (Geostat) reported on November 4. On a monthly basis, meanwhile, consumer prices increased by 0.3%.
The annual inflation rate was primarily driven by price changes in restaurants and hotels (7.6% increase); miscellaneous goods and services (5.8% increase); education (5% increase); alcoholic beverages and tobacco (3.3% increase); and communication (12.7% decrease).
The monthly inflation rate was mainly driven by price changes in clothing and footwear (6.7% increase); food and non-alcoholic beverages (0.4% increase), and transport (1.4% decrease).
As for food and non-alcoholic beverages, prices decreased this month for the following subgroups: milk, cheese and eggs (2.3%); coffee, tea and cocoa (1.9%); oils and fats (1.6%); sugar, jam, honey, chocolate and confectionery (1.4%); vegetables (0.6%); bread and cereals (0.5%); and mineral waters, soft drinks, fruit and vegetable juices (0.4%). At the same time, prices decreased for fruit and grapes (-5.3%); fish (-2.1%); and meat (-0.3%).
Also Read:
- 03/10/2024 – Georgia’s Annual Inflation at 0.6% in September 2024
- 03/09/2024 – Georgia’s Annual Inflation at 1% in August 2024
- 02/08/2024 – Georgia’s Annual Inflation at 1.8% in July 2024
- 03/07/2024 – Georgia’s Annual Inflation at 2.2% in June 2024