03.Jan .2022 16:00

Annual Inflation Rate Stood At 13.9%

Annual Inflation Rate Stood At 13.9%
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In December 2021 the Consumer Price Index increased by 0.3% compared to the previous month, while the annual inflation rate amounted to 13.9%, - show the preliminary data from the National Statistics Office of Georgia.

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 15.6%, contributing 5.01 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: oils and fats (24.5%), vegetables (20.7%), bread and cereals (20.2%), sugar, jam, honey, chocolate and confectionery (19.8%), fish (16.5%), milk, cheese and eggs (15.3%), mineral waters, soft drinks, fruit and vegetable juices (13.5%), fruit and grapes (10.5%), meat (10.2%), coffee, tea and cocoa (6.1%);

Transport: the prices increased by 17.3%, contributing 2.24 percentage points to the annual inflation rate. Within the group the prices increased for the operation of personal transport equipment (24.9%);

Housing, water, electricity, gas and other fuels: the prices for the group posted a 43.5% increase, which contributed 3.64 percentage points to the annual inflation rate. The prices were higher for the following subgroups: water supply and miscellaneous services relating to the dwelling (64.7%), electricity, gas and other fuels (64.4%), maintenance and repair of the dwelling (8.0 %). In the same period prices were lower for actual rentals for housing (-3.1 %).