The National Statistics Office of Georgia (Geostat) reports an inflation rate of 2.4% for December 2024, utilizing the EU Harmonized Index of Consumer Prices (HICP) methodology, revealing a 0.5% higher mark than the nationally calculated 1.9%, using a different methodology.
Inflation by Sector:
- Food & Non-Alcoholic Beverages: +3.1%
- Alcoholic Beverages & Tobacco: +6.1%
- Clothing & Footwear: -1.8%
- Housing, Utilities, & Fuels: -2.8%
- Furniture & Household Items: +1.5%
- Healthcare: +4.4%
- Transport: -1.4%
- Communication: -12.3%
- Recreation & Culture: +2.3%
- Education: +5.4%
- Hotels, Cafes, & Restaurants: +8.7%
- Miscellaneous Goods & Services: +6.1%
The HICP methodology, naturally, aligns with European Union standards, making better international comparisons of inflation tendencies, Geostat declared.
