September 6, 2023
In August 2023 the Consumer Price Index increased by 0.7 percent compared to the previous month, while the annual inflation rate amounted to 0.9 percent. With regard to the annual core inflation1 , the prices increased by 2.7 percent, while the annual core inflation without tobacco2 amounted to 2.5 percent.
The monthly inflation rate was mainly influenced by price changes for the following groups: Food and non-alcoholic beverages: the prices for the group increased by 2.1 percent, contributing 0.69 percentage points to the overall monthly inflation rate. The prices mainly increased for the following subgroups: vegetables (19.3 percent), milk, cheese and eggs (3.4 percent), fruit and grapes (1.7 percent), fish (1.0 percent), coffee, tea and cocoa (0.4 percent), meat (0.3 percent). At the same time, prices decreased for bread and cereals (-1.2 percent) and for oils and fats (-1.1 percent); Transport: the prices for the group increased by 1.6 percent, contributing 0.19 percentage points to the overall index. Within the group the prices increased for the following subgroups: operation of personal transport equipment (2.0 percent), purchase of vehicles (1.1 percent) and transport services (0.8 percent).
Source: National Statistics Office of Georgia
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