In July 2022 the Consumer Price Index increased by 0.2 percent compared to the previous month, while the annual inflation rate amounted to 11.5 percent. With regard to the annual core inflation1 , the prices increased by 7.1 percent, while the annual core inflation without tobacco2 amounted to 7.0 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:

Transport: the prices in the group increased by 2.4 percent, contributing 0.3 percentage points to the overall index. Within the group the prices increased for operation of personal transport equipment (2.8 percent) and transport services (2.7 percent). At the same time, the prices decreased for purchase of vehicles (-1.2 percent);

Miscellaneous goods and services: the prices for the group increased by 5.7 percent, contributing 0.29 percentage points to the overall monthly inflation rate;

Furnishings, household equipment and maintenance: the prices increased by 2.0 percent, contributing 0.1 percentage points to the overall monthly inflation rate. The prices were higher for the following subgroups: goods and services for routine household maintenance (2.6 percent), furniture and furnishings, carpets and other floor coverings (2.1 percent), glassware, tableware and household utensils (1.3 percent);

Food and non-alcoholic beverages: the prices for the group decreased by 1.4 percent, contributing -0.47 percentage points to the overall monthly index change. The prices were lower for the following subgroups: vegetables (-21.1 percent), fruit and grapes (-9.4 percent), fish (-1.6 percent). Along with this, the prices increased for milk, cheese and eggs (3.0 percent), sugar, jam, honey, chocolate and confectionery (2.9 percent), oils and fats (2.4 percent), bread and cereals (2.0 percent).

Source: National Statistics Office of Georgia

See detailed information: https://www.geostat.ge/media/47454/Inflation-Rate-in-Georgia%2C-July-2022.pdf