In October 2024 the Consumer Price Index increased by 0.3 percent compared to the previous month, while the annual inflation rate also amounted to 0.3 percent. With regard to the annual core inflation1 , the prices increased by 1.2 percent, while the annual core inflation without tobacco2 amounted to 1.2 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:

• Clothing and footwear: the prices increased by 6.7 percent, contributing 0.25 percentage points to the overall monthly inflation rate. Prices were higher for both footwear (14.4 percent) and clothing (3.8 percent);
• Food and non-alcoholic beverages: the prices for the group increased by 0.4 percent, contributing 0.15 percentage points to the overall monthly inflation rate. The prices increased for the following subgroups: milk, cheese and eggs (2.3 percent), coffee, tea and cocoa (1.9 percent), oils and fats (1.6 percent), sugar, jam, honey, chocolate and confectionery (1.4 percent), vegetables (0.6 percent), bread and cereals (0.5 percent), mineral waters, soft drinks, fruit and vegetable juices (0.4 percent). At the same time, prices decreased for fruit and grapes (-5.3 percent), fish (-2.1 percent), meat (-0.3 percent);
• Transport: the prices for the group decreased by 1.4 percent, contributing -0.18 percentage points to the overall index. Within the group the prices decreased for operation of personal transport equipment (-2.3 percent) and transport services (-0.6 percent).

Source: National Statistics Office of Georgia

See detailed information: https://www.geostat.ge/media/66567/Inflation-Rate-in-Georgia%2C-October-2024.pdf