In January 2023 the Consumer Price Index increased by 0.8% compared to the previous month, while the annual inflation rate amounted to 9.4%. With regard to the annual core inflation, the prices increased by 7.7%, while the annual core inflation without tobacco also amounted to 7.7%, - show the preliminary data from the National Statistics Office of Georgia (Geostat).
As of the document, 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%, contributing 5.03 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: vegetables (26.5%), bread and cereals (22.8%), coffee, tea and cocoa (17.1%), milk, cheese and eggs (16.7%), mineral waters, soft drinks, fruit and vegetable juices (16.5%), fish (13%), sugar, jam, honey, chocolate and confectionery (12.4%), meat (8.7%), oils and fats (4.7%);
Housing, water, electricity, gas and other fuels: the prices for the group posted a 13.1 percent increase, which contributed 1.38 percentage points to the annual inflation rate. The prices were higher for the following subgroups: actual rentals for housing (40%), maintenance and repair of the dwelling (9.1%);
Transport: the prices for the group increased by 5.2 percent, contributing 0.63 percentage points to the overall index. Within the group the prices increased for transport services (18.5%) and operation of personal transport equipment (2.8%). At the same time, prices decreased for the subgroup of purchase of vehicles (-2.5%).
