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Georgia’s December inflation rises to 2.4% with EU index

by Mariam Razmadze
January 10, 2025
in Business & Economy
Reading Time: 1 min read
Georgia’s December inflation rises to 2.4% with EU index

Photo: Investment Executive.

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.

 

Tags: Georgian inflationGeostat
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