In September 2024 the Consumer Price Index increased by 0.3 percent compared to the previous month, while the annual inflation rate amounted to 0.6%, - according to the National Statistics Office of Georgia (Geostat). With regard to the annual core inflation, the prices increased by 0.9 percent, while the annual core inflation without tobacco amounted to 0.8 percent.
The annual inflation rate was mainly influenced by price changes for the following groups:
Transport: the prices for the group increased by 4.3 percent, contributing 0.52 percentage points to the overall index. Within the group the prices increased for transport services (6.1 percent), operation of personal transport equipment (4.4 percent) and purchase of vehicles (2.1 percent);
Alcoholic beverages and tobacco: the prices increased by 4.9 percent, with the relevant contribution of 0.34 percentage points to the overall annual inflation rate. The prices increased for both alcoholic beverages (7.2 percent) and tobacco (2.0 percent);
Restaurants and hotels: the prices went up by 7.5 percent, contributing 0.25 percentage points to the overall annual inflation rate. The prices in the group increased for accommodation services (11.1 percent) and catering services (6.4 percent);
Communication: the prices decreased by 12.8 percent, contributing -0.48 percentage points to the overall index.
