In February 2023 the Consumer Price Index decreased by 0.3% compared to the previous month, while the annual inflation rate amounted to 8.1%, - accoridng to the National 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 14%, contributing 4.73 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: vegetables (25.8%), bread and cereals (21%), milk, cheese and eggs (17.2%), coffee, tea and cocoa (14.5%), mineral waters, soft drinks, fruit and vegetable juices (12.2%), fish (12.1%), meat (10.2%), sugar, jam, honey, chocolate and confectionery (9.8%). At the same time, prices decreased for the subgroup of fruit and grapes (-0.3%);
Housing, water, electricity, gas and other fuels: the prices for the group posted a 12.4% increase, which contributed 1.3 percentage points to the annual inflation rate. The prices were higher for the following subgroups: actual rentals for housing (38.7%), maintenance and
repair of the dwelling (7.4%);
Health: the prices for the group decreased by 7.6 percent, with the relevant contribution of-0.79 percentage points to the annual inflation rate. Within the group, the prices were lower for medical products, appliances and equipment (-19.2%). At the same time, prices increased
for out-patient services (13.8%) and hospital services (8%).
