The annual inflation rate in Georgia came in at 3.8 percent in October of 2020, unchanged from the previous month. It was the lowest inflation rate since March of 2019, amid a slowdown in prices of food and non-alcoholic beverages (5.5 percent vs 6.3 percent in September) and restaurants & hotels (5.2 percent vs 5.7 percent), while housing & utilities inflation was steady (at 1.6 percent). In addition, cost continued to fall mostly for transport (-6 percent vs -7 percent) and recreation & culture (-2.9 percent vs -2.8 percent). On a monthly basis, consumer prices were up 0.8 percent, after a 0.7 percent growth in the previous month. source: National Bank of Georgia

Inflation Rate in Georgia averaged 7.12 percent from 1996 until 2020, reaching an all time high of 59.31 percent in April of 1996 and a record low of -3.30 percent in May of 2012. This page provides the latest reported value for - Georgia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Inflation Rate in Georgia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Georgia to stand at 6.10 in 12 months time. In the long-term, the Georgia Inflation Rate is projected to trend around 5.50 percent in 2021, according to our econometric models.

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Georgia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.80 59.31 -3.30 1996 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-08-03 07:00 AM Jul 5.7% 6.1% 6.5%
2020-09-03 07:00 AM Aug 4.8% 5.7% 5.4%
2020-10-02 07:00 AM Sep 3.8% 4.8% 4.2%
2020-11-03 07:00 AM Oct 3.8% 3.8% 3.9%
2020-12-03 06:00 AM Nov 3.8% 3.6%
2021-01-04 07:00 AM Dec
2021-02-03 07:00 AM Jan
2021-03-02 07:00 AM Feb


News Stream
Georgia Inflation Rate Stays at 1-1/2- Year Low
The annual inflation rate in Georgia came in at 3.8 percent in October of 2020, unchanged from the previous month. It was the lowest inflation rate since March of 2019, amid a slowdown in prices of food and non-alcoholic beverages (5.5 percent vs 6.3 percent in September) and restaurants & hotels (5.2 percent vs 5.7 percent), while housing & utilities inflation was steady (at 1.6 percent). In addition, cost continued to fall mostly for transport (-6 percent vs -7 percent) and recreation & culture (-2.9 percent vs -2.8 percent). On a monthly basis, consumer prices were up 0.8 percent, after a 0.7 percent growth in the previous month.
2020-11-03
Georgia September Inflation Rate at 1-1/2-Year Low of 3.8%
The annual inflation rate in Georgia fell to 3.8 percent in September of 2020 from 4.8 percent in the previous month. It was the lowest inflation rate since March of 2019, amid a slowdown in prices of food and non-alcoholic beverages (6.3 percent vs 9.2 percent in August); housing & utilities (1.6 percent vs 3 percent) and restaurants & hotels (5.7 percent vs 7.4 percent). In addition, cost continued to fall mostly for transport (-7 percent vs -8.9 percent) and recreation & culture (-2.8 percent vs -2 percent). On a monthly basis, consumer prices inched up 0.7 percent, after being flat in the previous month.
2020-10-02
Georgia Inflation Rate Falls to 11-Month Low of 5.7%
The annual inflation rate in Georgia decreased to 5.7 percent in July of 2020 from 6.1 percent in the previous month. It was the lowest inflation rate since August of 2019, as cost slowed for food & non-alcoholic beverages (11.5 percent vs 13.6 percent) and housing & utilities (2.8 percent vs 3.2 percent). In addition, transport prices fell further (-9.3 percent vs -8.6 percent). On a monthly basis, consumer prices went down 0.5 percent, following a 1.4 percent drop in June.
2020-08-03
Georgia Inflation Rate Drops to 6.1% in June
The annual inflation rate in Georgia fell to 6.1 percent in June of 2020 from 6.5 percent in the previous month. It was the lowest rate since March, due to a plunge in transport prices (-8.6 percent vs -4.6 percent in May). In addition, inflation slowed mostly for food & non-alcoholic beverages (13.6 percent vs 14.7 percent) and housing & utilities (3.2 percent vs 4.4 percent). On a monthly basis, consumer prices were down 1.4 percent, after increasing 0.2 percent in the previous month.
2020-07-03

Georgia Inflation Rate
In Georgia, the most important categories in the consumer price index are food and non-alcoholic beverages (31.1 percent of the total weight) and transport (12.1 percent). The index also includes: healthcare (9.8 percent); housing, water, electricity, gas and other fuels (8.2 percent); furnishings, housing appliances and equipment, routine house maintenance (6.4 percent); recreation and culture (6.2 percent); alcoholic beverages, tobacco (6 percent); education (5 percent); miscellaneous goods and services (4.8 percent); hotels, cafes and restaurants (4 percent); communication (3.2 percent) and clothing and footwear (3.1 percent).