04.Jul .2022 12:00

Inflation Made Up 12.8% In June

Inflation Made Up 12.8% In June
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In June 2022 the Consumer Price Index increased by 0.2% compared to the previous month, while the annual inflation rate amounted to 12.8%, - according to the National Statistics Office of Georgia (Geostat).

As of the document, June inflation of 12.8% is 0.5 percentage points less compared to May.

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 21.8%, contributing 6.86 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: bread and cereals (35.0%), vegetables (33.4%), fruit and grapes(31.8%), mineral waters, soft drinks, fruit and vegetable juices (24.0%), milk, cheese and eggs (19.5%), coffee, tea and cocoa (18.0%), fish (17.9%), sugar, jam, honey, chocolate and confectionery (16.0%), oils and fats (14.9%), meat (11.3%);

Transport: the prices in the group increased by 19.4%, contributing 2.34 percentage points to the overall index. Within the group the prices increased for operation of personal transport equipment (23.6%), transport services (14.1%) and purchase of vehicles (6.2%);

Housing, water, electricity, gas and other fuels: the prices for the group posted a 13.0% increase, which contributed 1.31 percentage points to the annual inflation rate. The prices were higher for the following subgroups: actual rentals for housing (26.2%), maintenance and repair of the dwelling (12.7%) and electricity, gas and other fuels (6.0%).