Inflation Rate in Georgia decreased to 10.90 percent in August from 11.50 percent in July of 2022. source: National Bank of Georgia

Inflation Rate in Georgia averaged 7.32 percent from 1996 until 2022, 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 September of 2022.

Inflation Rate in Georgia is expected to be 13.20 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 6.00 percent in 2023 and 4.50 percent in 2024, according to our econometric models.

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Georgia Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-08-03 07:00 AM Jul 11.5% 12.8% 12.9%
2022-09-02 07:00 AM Aug 10.9% 11.5% 10.9%
2022-10-03 01:30 AM Sep

Related Last Previous Unit Reference
Inflation Rate 10.90 11.50 percent Aug 2022
Consumer Price Index CPI 174.20 174.00 points Aug 2022
Food Inflation 15.80 16.40 percent Aug 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
10.90 11.50 59.31 -3.30 1996 - 2022 percent Monthly

News Stream
Georgia July Inflation Rate at Over 1-Year Low
The annual inflation rate in Georgia slowed to 11.5% in July of 2022 from 12.8% in the previous month. It was the softest inflation rate since June last year, mainly due to a slowdown in prices of food & non-alcoholic beverages (16.4% vs 21.8% in June). Meanwhile, costs rose notably for transport (20.6% vs 19.4%); housing & utilities (13.3% vs 13%); miscellaneous goods & services (11.5% vs 6.7%) and restaurants & hotels (14.3% vs 14%). On a monthly basis, consumer prices were up by 0.2%, the same pace as in the previous month.
Georgia Inflation Rate Eases to 12.8% in June
The annual inflation rate in Georgia slowed to 12.8 percent in June of 2022 from 13.3 percent in the previous month, due to softer rises in prices of housing and utilities (13% vs. 16.1%), food and non-alcoholic beverages (21.8% vs. 22%), transport (19.4% vs 20%), healthcare (1.1% vs 2.0%), furnishings (8.7% vs. 9.2%), and recreation (1.8% vs 2.3%). Prices continued to increase for: miscellaneous goods and services (6.7% vs 6.6%), restaurants and hotels (14.0% vs 12.6%). In addition, prices fell for clothing and footwear (-0.6% vs 0.3%). On a monthly basis, consumer prices were up by 0.2 percent, accelerating from a 1.1 percent rise in the previous month.
Georgia May Inflation Rate Jumps to 3-Month High
The annual inflation rate in Georgia jumped to 13.3 percent in May of 2022 from 12.8 percent in the previous month, which was the highest inflation rate since February, mainly boosted by faster rises in prices of housing and utilities (16.1 percent vs. 9.4 percent), food and non-alcoholic beverages (22 percent vs. 21.3 percent). At the same time, prices increased more for both miscellaneous goods and services ( percent 6.6 vs. 6.3 percent) and restaurants and hotels ( 12.6 percent vs. 12.5 percent). Meanwhile, price growth rates slowed down for healthcare (2 percent vs. 2.8 percent), furnishings ( 9.2 percent vs. 10.1 percent), transport (20 percent vs. 22.4 percent), and recreation ( 2.3 percent vs. 3.4 percent). On the other hand, clothing and footwear inflation slightly declined (at 0.3 percent). On a monthly basis, consumer prices increased by 1.1 percent, going down from a 1.8 percent gain in the previous month.