In October 2024 the Consumer Price Index in Georgia increased by 0.3 percent compared to the previous month, while the annual inflation rate also amounted to 0.3 percent. With regard to the annual core inflation , the prices increased by 1.2 percent, while the annual core inflation without tobacco amounted to 1.2 percent. The following table shows percentage changes in prices for the commodity groups of the consumer basket as well as the relevant contributions to the overall monthly inflation rate.
The monthly inflation rate was mainly influenced by price changes for the following groups: Clothing and footwear: the prices increased by 6.7 percent, contributing 0.25 percentage points
to the overall monthly inflation rate. Prices were higher for both footwear (14.4 percent) and clothing (3.8 percent); Food and non-alcoholic beverages: the prices for the group increased by 0.4 percent, contributing 0.15 percentage points to the overall monthly inflation rate. The prices increased for the following subgroups: milk, cheese and eggs (2.3 percent), coffee, tea and cocoa (1.9 percent), oils and fats (1.6 percent), sugar, jam, honey, chocolate and confectionery (1.4 percent), vegetables (0.6 percent), bread and cereals (0.5 percent), mineral waters, soft drinks, fruit and vegetable juices (0.4 percent). At the same time, prices decreased for fruit and grapes (-5.3 percent), fish (-2.1 percent), meat (-0.3 percent); Transport: the prices for the group decreased by 1.4 percent, contributing -0.18 percentage points to the overall index. Within the group the prices decreased for operation of personal transport equipment (-2.3 percent) and transport services (-0.6 percent). The following table shows percentage changes in prices for the commodity groups of the consumer basket, as well as the relevant contributions to the overall annual inflation rate in
October 2024.
Source: NATIONAL STATISTICS OFFICE OF GEORGIA
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
