The annual inflation rate in Georgia declined to 12.3% in September of 2021 from 12.8 percent in the previous month, mainly due to a slowdown in prices of both food & non-alcoholic beverages (15.9% vs 16.2% in August) and transport (20.3% vs 22.5%). Also prices increased less for restaurants & hotels (10.7% vs 11.7%); furnishings (12.5% vs 12.6%); health (9.2% vs 10.9%); and alcoholic beverages & tobacco (6.3% vs 7.1%). Meanwhile, prices of housing & utilities continued to rise (11.8% vs 11.6%). In addition, prices of clothing & footwear fell (-1.1% vs 1.1%). On a monthly basis, consumer prices were up 0.2%, easing from a 0.7 percent rise in the previous month. source: National Bank of Georgia

Inflation Rate in Georgia averaged 7.11 percent from 1996 until 2021, reaching an all time high of 59.31 percent in April of 1996 and a record low of -3.30 percent in May of 2012. This page provides the latest reported value for - Georgia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Inflation Rate in Georgia is expected to be 8.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Inflation Rate is projected to trend around 3.00 percent in 2022, according to our econometric models.

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Georgia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-03 07:00 AM Aug 12.8% 11.9% 13%
2021-10-05 01:30 AM Sep 12.3% 12.8% 13.4%
2021-11-03 07:00 AM Oct 12.3%


Related Last Previous Unit Reference
Inflation Rate 12.30 12.80 percent Sep/21
Consumer Price Index CPI 157.60 157.10 points Sep/21
Food Inflation 15.90 16.20 percent Sep/21

News Stream
Georgia Inflation Rate Eases in September
The annual inflation rate in Georgia declined to 12.3% in September of 2021 from 12.8 percent in the previous month, mainly due to a slowdown in prices of both food & non-alcoholic beverages (15.9% vs 16.2% in August) and transport (20.3% vs 22.5%). Also prices increased less for restaurants & hotels (10.7% vs 11.7%); furnishings (12.5% vs 12.6%); health (9.2% vs 10.9%); and alcoholic beverages & tobacco (6.3% vs 7.1%). Meanwhile, prices of housing & utilities continued to rise (11.8% vs 11.6%). In addition, prices of clothing & footwear fell (-1.1% vs 1.1%). On a monthly basis, consumer prices were up 0.2%, easing from a 0.7 percent rise in the previous month.
2021-10-05
Georgia Inflation Rate at 10-Year High
The annual inflation rate in Georgia increased to 11.9% in July of 2021, the highest since May 2011, from 9.9 percent in the previous month, mainly due to a faster rise in prices of food & non-alcoholic beverages (14.1% vs 8.8% in June); housing & utilities (11.1% vs 10.5%); transport (22.5% vs 22.0%); restaurants & hotels (10.2% vs 9.6%); and furnishings (11.5% vs 10.6%). Meanwhile, prices rebounded for clothing & footwear (1.7% vs -0.3%) while costs advanced at a softer pace for health (11.4% vs 11.6%); and alcoholic beverages & tobacco (7.1% vs 7.4%).
2021-08-03
Georgia June Inflation Rate Highest Since 2011
The annual inflation rate in Georgia increased to 9.9% in June of 2021, the highest since June 2011, from 7.7 percent in the previous month, mainly due to a faster rise in prices of housing & utilities (10.5% vs 6.6%); transport (22.0% vs 17.4%) and food & non-alcoholic beverages (8.8% vs 3.3%). Meanwhile, prices continued to rise for restaurants & hotels (9.6% vs 11.8%); health (11.6% vs 13.4%); furnishings (10.6% vs 12.0%). On a monthly basis, consumer prices were up 0.7%, the same pace as in the previous month.
2021-07-05

Georgia Inflation Rate
In Georgia, the most important categories in the consumer price index are food and non-alcoholic beverages (31.1 percent of the total weight) and transport (12.1 percent). The index also includes: healthcare (9.8 percent); housing, water, electricity, gas and other fuels (8.2 percent); furnishings, housing appliances and equipment, routine house maintenance (6.4 percent); recreation and culture (6.2 percent); alcoholic beverages, tobacco (6 percent); education (5 percent); miscellaneous goods and services (4.8 percent); hotels, cafes and restaurants (4 percent); communication (3.2 percent) and clothing and footwear (3.1 percent).