02.Dec .2022 13:00

Inflation of 10.4% Has been Observed In Georgia In November

Inflation of 10.4% Has been Observed In Georgia In November
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In November 2022 the Consumer Price Index increased by 0.5 percent compared to the previous month, while the annual inflation rate amounted to 10.4%, - according to the preliminary data from 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 16.8 percent, contributing 5.55 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: vegetables (26.0 percent), bread and cereals (23.8 percent), mineral waters, soft drinks, fruit and vegetable juices (22.0 percent), coffee, tea and cocoa (19.5 percent), milk, cheese and eggs (18.3 percent), sugar, jam, honey, chocolate and confectionery (15.7 percent), fish (13.6 percent), oils and fats (10.1 percent), meat (9.1 percent), fruit and grapes (6.9 percent);

Housing, water, electricity, gas and other fuels: the prices for the group posted a 15.4 percent increase, which contributed 1.51 percentage points to the annual inflation rate. The prices were higher for the following subgroups: actual rentals for housing (34.1 percent), maintenance and repair of the dwelling (11.8 percent), electricity, gas and other fuels (5.6 percent);

Transport: the prices for the group increased by 8.2 percent, contributing 0.97 percentage points to the overall index. Within the group the prices increased for transport services (13.8 percent), operation of personal transport equipment (8.2 percent) and purchase of vehicles (2.1 percent).