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Annual Inflation Rate Amounted To 11.5% In September

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Natia Taktakishvili
03.10.22 11:00
452
In September 2022 the Consumer Price Index increased by 0.8% compared to the previous month, while the annual inflation rate amounted to 11.5%. With regard to the annual core inflation, the prices increased by 7.5%, while the annual core inflation without tobacco also amounted to 7.5%, - according to 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 17.6%, contributing 5.74 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: bread and cereals (32.8%), milk, cheese and eggs (23.3%), mineral waters, soft drinks, fruit and vegetable juices (22.5%), oils and fats (21.2%), coffee, tea and cocoa (18.9%), fish (16.5%), sugar, jam, honey, chocolate and confectionery (15.8%), meat (9.8%), fruit and grapes (9.6%);

Transport: the prices in the group increased by 14.1%, contributing 1.69 percentage points to the overall index. Within the group the prices increased for operation of personal transport equipment (16.8%) and transport services (13.7%);

Housing, water, electricity, gas and other fuels: the prices for the group posted a 12.2 percent increase, which contributed 1.18 percentage points to the annual inflation rate. The prices were higher for the following subgroups: actual rentals for housing (24.3%), maintenance and repair of the dwelling (12.5%), electricity, gas and other fuels (5.8%).