In February 2021 the Consumer Price Index increased by 1.1 percent compared to the previous month, while the annual inflation rate amounted to 3.6 percent.
With regard to the annual core inflation, the prices increased by 6.6 percent, while the annual core inflation without tobacco2 amounted to 6.3 percent.
The monthly inflation rate was mainly influenced by price changes for the following groups:
Food and non-alcoholic beverages: the prices in the group increased by 1.1 percent, contributing 0.37 percentage points to the overall monthly inflation rate. The prices were higher for the following subgroups: sugar, jam, honey, chocolate and confectionery (5.4 percent), oils and fats (4.9 percent), fruit and grapes (2.6 percent), mineral waters, soft drinks, fruit and vegetable juices (2.3 percent), vegetables (1.9 percent), bread and cereals (1.5 percent). At the same time, the prices were lower for milk, cheese and eggs (-2.7 percent);
Transport: the prices increased by 2.5 percent, contributing 0.32 percentage points to the overall monthly inflation rate. Within the group the prices increased for operation of personal transport equipment (3.7 percent);
Restaurants and hotels: the prices for the group posted a 3.7 percent increase, with the relevant contribution of 0.21 percentage points to the monthly inflation rate. Within the groups the prices were higher for both catering services (3.8 percent) and accommodation services (2.9 percent).
Course: National Statistics Office of Georgia
See detailed information: https://www.geostat.ge/media/36790/Inflation-Rate-in-Georgia%2C-February-2021.pdf
