In May 2022 the Consumer Price Index increased by 1.1 percent compared to the previous month, while the annual inflation rate amounted to 13.3 percent. With regard to the annual core inflation1 , the prices increased by 5.9 percent, while the annual core inflation without tobacco2 amounted to 6.7 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 6.2 percent, contributing 0.64 percentage points to the overall monthly inflation rate. The prices increased for the following subgroups: actual rentals for housing (20.6 percent), maintenance and repair of the dwelling (0.3 percent);

Food and non-alcoholic beverages: the prices for the group increased by 0.8 percent, contributing 0.19 percentage points to the overall monthly inflation rate. The prices increased for the following subgroups: fruit and grapes (13.0 percent), bread and cereals (4.8 percent), fish (1.8 percent), oils and fats (1.6 percent), mineral waters, soft drinks, fruit and vegetable juices (1.2 percent). At the same time, prices decreased for the subgroup of milk, cheese and eggs (-4.5 percent);

Alcoholic beverages and tobacco: the prices increased by 1.3 percent, contributing 0.08 percentage points to the overall index change.

The prices increased for alcoholic beverages (2.0 percent) and for tobacco products (0.3 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 annual inflation rate in May 2022.

Source: National Statistics Office of Georgia

See detailed information: https://www.geostat.ge/media/46053/Inflation-Rate-in-Georgia%2C-May-2022.pdf