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Geostat: dairy products increased by 3.5% in price, meat – 14.8%, bread – 6.6%, tobacco – 30.8%

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BM.GE
03.01.20 17:29
564
NATIONAL STATISTICS OFFICE OF GEORGIA has published updated rates of the inflation. According to the document, annual inflation rate has amounted to 7.0% in December, 2019, such volume of inflation has not been fixed since 2017.

According to Geostat, annual inflation rate was mainly influenced by price changes for the following groups:

Food and non-alcoholic beverages: the prices in the group went up by 12.3 percent, contributing 3.78 percentage points to the overall annual inflation rate. The prices were higher for the following subgroups: fruit and grapes (31.9 percent), meat (14.8 percent), fish (14.2 percent), vegetables (14.1 percent), milk, cheese and eggs (13.5 percent), sugar, jam, honey, chocolate and confectionery (10.7 percent), mineral waters, soft drinks, fruit and vegetable juices (9.1 percent), bread and cereals (6.6 percent), coffee, tea and cocoa (5.0 percent), oils and fats (4.6 percent);

Alcoholic beverages and tobacco: the prices increased by 15.6 percent, with a relevant contribution of 1.03 percentage points to the overall annual CPI growth. The prices were higher for tobacco (30.8 percent) and for alcoholic beverages (3.1 percent);

Recreation and culture: the prices rose by 6.9 percent, contributing 0.4 percentage points to the overall annual inflation rate. The prices in the group increased for tourist trip (13.6 percent), other major durables for recreation and culture (7.4 percent), also for recreational and cultural services (1.8 percent);

Transport: the prices increased by 2.9 percent, which resulted in a 0.35 percentage point contribution to the overall annual inflation rate. The prices were higher for purchase of vehicles (4.6 percent), operation of personal transport equipment (3.5 percent) and transport services (1.2 percent);
Restaurants and hotels: the prices went up by 7.9 percent, contributing 0.34 percentage points to the overall annual inflation rate. The prices in the group increased for catering services (9.0 percent).