Annual Inflation hit a record 9.9% in June for the last 10 years, show the preliminary data from the Statistics Office of Georgia (Geostat).
The annual inflation rate was mainly influenced by price changes for the following groups:
Food and non-alcoholic beverages: the prices in the group increased by 8.8% contributing 2.78 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: oils and fats (47.1 percent), vegetables (16.6%), sugar, jam, honey, chocolate and confectionery (13.7%), fish (11.1%), milk, cheese and eggs (10.6%), mineral waters, soft drinks, fruit and vegetable juices (7.3%), coffee, tea and cocoa (7.2%), bread and cereals (5.5 %), meat (5.3%). Along with this, the prices decreased for fruit and grapes (-19.5%).
Transport: the prices increased by 22%, contributing 2.54 percentage points to the annual inflation rate. Within the group the prices increased for the operation of personal transport equipment (33.4%), purchase of vehicles (1.8%) and transport services (1.6%);
Housing, water, electricity, gas and other fuels: the prices for the group posted a 10.5% increase, which contributed 1.59 percentage points to the annual inflation rate. The prices were higher for the following subgroups: electricity, gas and other fuels (14%), maintenance and repair of the dwelling (7.3%) and water supply and miscellaneous services relating to the dwelling (4.5%). In the same period, prices were lower for actual rentals for housing (-6.5%).
