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Oil and Butter Prices Increase by 36%

by Georgia Today
April 2, 2021
in Business & Economy, News
Reading Time: 1 min read
Oil and Butter Prices Increase by 36%

Photo:thedailymeal.com

Inflation rose to 7.2% in March, which is the highest inflation rate since 2019, the National Statistics Office of Georgia reports.

The prices of oil and butter increased sharply by 35.8% in one year. The price of sweets increased by 13% and the price of bread and bread products increased by 7.7% on an annual basis, bm.ge reports.

The price increase for the groceries as a whole is 5.7%, which was reflected in annual inflation by 1.86%. 

Here is the list of other food products that became more expensive:

Fish – by 12.2%

Coffee, Tea, Cocoa –  by 13.7%

Sugar – by 13.0%

Non-Alcoholic drinks – by 5.0%

Meat – by 4.0%

Prices increased for both tobacco products (by 12.1%) and alcoholic beverages (by 6.2%).

On the contrary, price decreases detected in other grocery products: Fruit price went down by 8.6%, vegetables – by 12.0%.

By Ana Giorgadze

Tags: Georgian EconomyGroceryInflationPrices
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