In March 2021 the Consumer Price Index increased by 4.2 percent compared to the previous month, while the annual inflation rate amounted to 7.2 percent.
With regard to the annual core inflation, the prices increased by 6.9 percent, while the annual core inflation without tobacco2 amounted to 6.6 percent.
The following table shows percentage changes in prices for the commodity groups of the consumer basket as well as the relevant contributions to the overall monthly inflation rate.
The monthly inflation rate was mainly influenced by price changes for the following groups:
- Housing, water, electricity, gas, and other fuels: the prices for the group increased by 36.1 percent, which contributed 2.97 percentage points to the monthly inflation rate. The prices were higher for the following subgroups: water supply and miscellaneous services relating to the dwelling (58.0 percent) and electricity, gas, and other fuels (51.4 percent).
- Food and non-alcoholic beverages: the prices in the group increased by 1.5 percent, contributing 0.45 percentage points to the overall monthly inflation rate. The prices were higher for the following subgroups: fruit and grapes (3.8 percent), oils and fats (3.7 percent), sugar, jam, honey, chocolate and confectionery (2.7 percent), meat (2.1 percent), vegetables (1.3 percent), mineral waters, soft drinks, fruit and vegetable juices (1.1 percent);
- Transport: the prices increased by 2.6 percent, contributing 0.34 percentage points to the overall monthly inflation rate. Within the group the prices increased for the operation of personal transport equipment (3.3 percent);
- Health: the prices went up by 3.6 percent, contributing 0.27 percentage points to the overall monthly inflation rate. The prices increased for medical products, appliances, and equipment (6.3 percent) and hospital services (1.8 percent).
Source: National Statistics Office of Georgia
See detailed information: https://www.geostat.ge/media/37579/Inflation-Rate-in-Georgia%2C-March-2021.pdf
