In January 2022 the Consumer Price Index increased by 1.1 percent compared to the previous month, while the annual inflation rate amounted to 13.9 percent.

With regard to the annual core inflation1 , the prices increased by 5.6 percent, while the annual core inflation without tobacco2 also amounted to 5.6 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:

Food and non-alcoholic beverages: the prices for the group increased by 2.5 percent, contributing 0.84 percentage points to the overall monthly index change. The prices were higher for the following subgroups: vegetables (8.4 percent), fruit and grapes (7.4 percent), mineral waters, soft drinks, fruit and vegetable juices (4.1 percent), milk, cheese and eggs (3.2 percent), coffee, tea and cocoa (1.4 percent), fish (1.2 percent), meat (1.1 percent);

Housing, water, electricity, gas and other fuels: the prices for the group posted a 2.9 percent 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 percent), maintenance and repair of the dwelling (0.8 percent);

Clothing and footwear: the prices for the group decreased by 3.8 percent, 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 percent) and clothing (-3.7 percent).

Source: National Statistics Office of Georgia

See detailed information: https://www.geostat.ge/media/42969/Inflation-Rate-in-Georgia%2C-January-2022.pdf