In June, the annual inflation rate amounted to 0.6% in Georgia - according to preliminary data from the National Statistics Office of Georgia (Geostat). According to the agency, such a low rate has not been observed in the country since November 2016.
The annual inflation rate was mainly influenced by price changes for the following groups:
Miscellaneous goods and services: the prices for the group increased by 17.7 percent, contributing 0.89 percentage points to the overall index. Within the group, the prices were higher for the following subgroups: financial services n.e.c. (27.9 percent), personal care (10.7 percent),
other services n.e.c. (91.0 percent);
Alcoholic beverages and tobacco: the prices increased by 7.4 percent, contributing 0.5 percentage points to the overall index. Within the group, the prices were higher for both alcoholic beverages (9.1 percent) and tobacco (5.3 percent);
Transport: the prices for the group decreased by 11.6 percent, contributing -1.45 percentage points to the overall index. Within the group the prices decreased for the following subgroups: operation of personal transport equipment (-18.4 percent), purchase of vehicles (-2.0 percent). At the same time, prices increased for transport services (5.9 percent);
Health: the prices for the group decreased by 6.9 percent, with the relevant contribution of -0.67 percentage points to the annual inflation rate. Within the group, the prices were lower for medical products, appliances and equipment (-17.2 percent). At the same time, prices increased for outpatient services (12.5 percent) and hospital services (6.6 percent).
