In December 2019 prices in Georgia increased by 0.4%, while the annual inflation rate amounted to 7%, showed the latest inflation data from the National Statistics Office of Georgia (Geostat).
Prices for food and non-alcoholic beverages in Georgia increased by 1.4% MoM, contributing 0.44% of the overall monthly inflation.
In particular monthly prices increased in the following subgroups: vegetables – 3.7%, fruit and grapes – 2.9%, meat – 2.3%, fish – 2.1%, milk, cheese and eggs – 1.1%.
Along with this, prices decreased for sugar, jam, honey, chocolate and confectionery by 1%.
An increase of monthly prices mostly occurred in the following groups: food and alcoholic beverages – 1.4%, housing, water, electricity, gas and other fuels – 1%, restaurants and hotels – 0.4%.
A decrease of monthly prices mostly occurred in the following groups: clothing and footwear – 0.9%, transport – 0.7%, recreation and culture – 0.4%.
Annual prices of food and non-alcoholic beverages increased by 12.3% YoY, contributing 3.78% of overall annual inflation. (Agenda/Business World Magazine)