The National Statistics Office of Georgia (GeoStat) reports that Georgia’s annual inflation rate stood at 4.8% in January 2026. On a monthly basis, consumer prices rose by 1.2% compared to December.
Core inflation, which excludes volatile items, increased by 2.4% year-on-year while core inflation excluding tobacco reached 2.1%, indicating moderate underlying price pressures.
Food and non-alcoholic beverages were the primary drivers of inflation, with prices rising by 10.6% annually and contributing 3.55 percentage points to the overall rate. Significant increases were recorded in fish prices (20.5%), fruit and grapes (16.9%), bread and cereals (14.3%), sugar and confectionery (10.2%), meat (9.7%) and coffee, tea and cocoa (9.4%). Prices also rose notably for vegetables, dairy products, oils and fats and non-alcoholic beverages.
Healthcare costs increased by 8.3%, adding 0.68 percentage points to annual inflation. Higher prices were observed across hospital services, medical products and equipment and outpatient care.
Prices for miscellaneous goods and services rose by 7.4%, contributing 0.35 percentage points. The sharpest increases within this category were seen in personal effects, insurance services and personal care.
The restaurants and hotels sector also saw substantial price growth of 8.1%, reflecting higher costs for both accommodation and catering services. Meanwhile, prices for alcoholic beverages and tobacco increased by 3.5%, largely due to higher tobacco prices.
Overall, January’s inflation dynamics point to strong pressure from food and service-related costs.
