• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

Annual Inflation Rate 13.9%

by Georgia Today
February 3, 2022
in Business & Economy, Highlights
Reading Time: 2 mins read
Annual Inflation Rate 13.9%

In January 2022, the Consumer Price Index increased by 1.1% compared to the previous month, while the annual inflation rate amounted to 13.9%, shows the latest report prepared by the National Statistics Office of Georgia (Geostat).

Based on the same source, with regard to the annual core inflation, prices increased by 5.6%, while the annual core inflation without tobacco also amounted to 5.6%.

“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 2.5%, contributing 0.84 percentage points to the overall monthly index change.

“The prices were higher for the following subgroups: vegetables (8.4 %), fruit and grapes (7.4 %), mineral waters, soft drinks, fruit and vegetable juices (4.1 %), milk, cheese and eggs (3.2 %), coffee, tea and cocoa (1.4 %), fish (1.2 %), meat (1.1 %); Housing, water, electricity, gas and other fuels: the prices for the group posted a 2.9 % increase, which contributed 0.24 percentage points to the inflation rate

“The prices were higher for the following subgroups: electricity, gas and other fuels (4.4 %), maintenance and repair of the dwelling (0.8 %); Clothing and footwear: the prices for the group decreased by 3.8 %, with the relevant contribution of -0.14 percentage points to the monthly inflation rate. Within the group, the prices were lower for both footwear (-3.7 %) and clothing (-3.7 %).

“The annual inflation rate was mainly influenced by price changes for the following groups: Food and non-alcoholic beverages: the prices in the group increased by 16.2 %, contributing  5.27 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: vegetables (23.3 %), bread and cereals (20.5 %), oils and fats (19.6 %), mineral waters, soft drinks, fruit and vegetable juices (18.3 percent), sugar, jam, honey, chocolate and confectionery (18.2 %), fish (16.6 %), milk, cheese and eggs (14.4 percent), fruit and grapes (13.7 %), meat (11.9 %), coffee, tea and cocoa (7.8 %); Housing, water, electricity, gas and other fuels: the prices for the group posted a 44.8 % increase, which contributed 3.69 percentage points to the annual inflation rate.

“The prices were higher for the following subgroups: electricity, gas and other fuels (68.0 %), water supply
and miscellaneous services relating to the dwelling (58.0 %), maintenance and repair of the dwelling (8.7 %). In the same period prices were lower for actual rentals for housing (-3.1 percent);

“Transport: the prices increased by 16.2 %, contributing 2.08 percentage points to the annual inflation rate. Within the group the prices increased for operation of personal transport equipment (23.3 %),” reads the report prepared by Geostat.

By Ana Dumbadze

Tags: GeostatInflationInflation Rate
ShareShareTweet

Related Posts

Georgia to nationalize psychotropic drug imports and OST services
Business & Economy

Georgia to nationalize psychotropic drug imports and OST services

July 1, 2025
Freedom House urges Georgian government to respect democracy and civic space
Highlights

Freedom House urges Georgian government to respect democracy and civic space

July 1, 2025
Varketili metro station to close for 45 days for urgent rehabilitation
Business & Economy

Varketili metro station to close for 45 days for urgent rehabilitation

July 1, 2025

Recommended

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

2 months ago
Experience Seamless Connectivity with Silknet eSIM in Georgia

Experience Seamless Connectivity with Silknet eSIM in Georgia

1 year ago
Champion Karateka Luka Khvedeliani on the Benefits of Georgian Karate for Georgia’s Youth

Georgia to Celebrate First Europe Day with European Union Candidate Status

1 year ago
Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

3 years ago
Natia Mezvrishvili on Dealing with 2 Political Giants

Natia Mezvrishvili on Dealing with 2 Political Giants

3 years ago
Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

3 years ago
GT Interview with Giorgi Badridze

GT Interview with Giorgi Badridze

3 years ago
Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

3 years ago

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

8 opposition parties refuse to participate in local self-government elections

UK summons Georgian diplomat over crackdown on civil society and opposition

Zurabishvili: Georgia has rare number of political prisoners — A sign of our strength

“Falling Faster, Falling Deeper”: US Diplomat Warns Georgia Risks Strategic Irrelevance

Ukraine Latest: Heavy Fighting and Diplomatic Frictions

European Court of Human Rights begins consideration of Mzia Amaglobeli’s case

Trending

Experience Seamless Connectivity with Silknet eSIM in Georgia
Business & Economy

Experience Seamless Connectivity with Silknet eSIM in Georgia

by Georgia Today
June 26, 2024

Why Silknet's eSIM could be your top choice in Georgia  Since its introduction, eSIM technology has become...

Photo by the author

Virtuosity and Versatility: Marc-André Hamelin Opens Tbilisi Piano Festival 2024

May 30, 2024
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2024 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2024 © Georgia Today