The annual inflation rate in Georgia slowed to a 23-month low of 1.9 percent in November of 2018 from 2.3 percent in the previous month. Prices eased for housing & utilities (3.6 percent from 4.4 percent in October); transport (3.8 percent from 6.5 percent); restaurant & hotels (1.4 percent from 2.5 percent); education (1.7 percent from 2.4 percent); miscellaneous goods & services (0.4 percent from 0.6 percent); health (5.5 percent from 6.1 percent); and alcoholic beverages & tobacco (4.6 percent from 5.7 percent). On the other hand, cost rose faster for food & non-alcoholic beverages (0.8 percent from 0.2 percent); furniture & household equipment (1.4 percent from 0.9 percent); and recreation & culture (2.5 percent from 1.2 percent). On a monthly basis, consumer prices went up 0.7 percent, accelerating from a 0.3 percent rise in October. Inflation Rate in Georgia averaged 7.29 percent from 1996 until 2018, 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.

Inflation Rate in Georgia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Georgia to stand at 1.70 in 12 months time. In the long-term, the Georgia Inflation Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.

Georgia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-03 07:00 AM Inflation Rate YoY 3.1% 2.8% 3%
2018-10-03 07:00 AM Inflation Rate YoY 2.7% 3.1% 3.2%
2018-11-02 07:00 AM Inflation Rate YoY 2.3% 2.7% 2.9%
2018-12-03 07:00 AM Inflation Rate YoY 1.9% 2.3% 2.7%
2019-01-03 07:00 AM Inflation Rate YoY 1.9% 2.50%
2019-02-02 07:00 AM Inflation Rate YoY
2019-03-02 07:00 AM Inflation Rate YoY


Georgia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 2.30 59.31 -3.30 percent [+]
Consumer Price Index CPI 128.30 127.50 128.30 51.80 Index Points [+]
GDP Deflator 104.60 104.30 114.30 96.90 Index Points [+]
Import Prices 102.80 102.60 106.40 94.80 Index Points [+]
Producer Prices 148.40 146.10 148.40 54.73 Index Points [+]
Producer Prices Change 5.90 5.50 19.00 -9.76 percent [+]
Inflation Rate Mom 0.70 0.30 3.53 -4.04 percent [+]
Food Inflation 0.80 0.20 30.70 -10.93 percent [+]
Cpi Housing Utilities 99.79 100.22 115.25 95.68 Index Points [+]
CPI Transportation 100.22 100.59 118.22 95.72 Index Points [+]
Export Prices 101.10 105.10 111.80 95.50 Index Points [+]


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). 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.30 59.31 -3.30 1996 - 2018 percent Monthly
2005=100




Country Last Previous
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 3.31 Oct/18
Indonesia 3.23 Nov/18
Italy 1.70 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.10 Oct/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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