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. source: National Bank of Georgia

Inflation Rate in Georgia averaged 7.26 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 June of 2022.

Inflation Rate in Georgia is expected to be 14.00 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
2022-05-03 07:00 AM Apr 12.8% 11.8% 12.3%
2022-06-03 07:00 AM May 13.3% 12.8% 13.4%
2022-07-04 03:45 AM Jun 13.3%


Related Last Previous Unit Reference
Inflation Rate 13.30 12.80 percent May 2022
Consumer Price Index CPI 173.20 171.30 points May 2022
Food Inflation 22.00 21.30 percent May 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
13.30 12.80 59.31 -3.30 1996 - 2022 percent Monthly
2005=100

News Stream
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.
2022-06-03
Georgia April Inflation Rate Accelerates to 12.8%
The annual inflation rate in Georgia accelerated to 12.8 percent in April of 2022 from 11.8 percent in the previous month, which was the lowest inflation rate since last June, mainly boosted by faster rises in prices of housing and utilities (9.4 percent vs 8.4 percent), food and non-alcoholic beverages (21.3 percent vs 17.8 percent); transport (22.4 percent vs 21.6 percent). At the same time, prices increased more for both miscellaneous goods and services (6.3 percent vs 5.9 percent) and recreation (3.4 percent vs 3.1 percent). Meanwhile, prices continued to rise for healthcare (2.8 percent vs 4.2 percent), furnishings (10.1 percent vs 12.7 percent); and restaurants and hotels (12.5 percent vs 13.1 percent). On the other hand, clothing and footwear inflation was steady (at 0.5 percent). On a monthly basis, consumer prices rose 1.8 percent, easing from a 2.5 percent gain in the previous month.
2022-05-03
Georgia Inflation Rate Eases to 9-Month Low
The annual inflation rate in Georgia slowed to 11.8 percent in March of 2022 from 13.7 percent in the previous month, pointing to the lowest inflation rate since last June. Prices rose softer for housing and utilities (8.4 percent vs 45.8 percent in February) and healthcare (4.2 percent vs 6.5 percent). Meanwhile, prices accelerated for food and non-alcoholic beverages (17.8 percent vs 17.3 percent); transport (21.6 percent vs 14.5 percent); furnishings (12.7 percent vs 9.9 percent); miscellaneous goods and services (5.9 percent vs 5.1 percent); recreation (3.1 percent vs 1.7 percent); and restaurants and hotels (13.1 percent vs 12.1 percent) while rebounded for clothing and footwear (0.5 percent vs -1.6 percent). On a monthly basis, consumer prices surged 2.5 percent, accelerating from a 0.9 percent uptick in the previous month.
2022-04-04