Cost of food in Georgia increased 12.30 percent in December of 2019 over the same month in the previous year.
Food Inflation in Georgia averaged 6.64 percent from 2005 until 2019, reaching an all time high of 30.70 percent in May of 2011 and a record low of -10.93 percent in May of 2012. This page provides the latest reported value for - Georgia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Food Inflation in Georgia is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Georgia to stand at 1.80 in 12 months time. In the long-term, the Georgia Food Inflation is projected to trend around 2.50 percent in 2020, according to our econometric models.