Annual inflation rate in Georgia decreased to 4.3% in June 2019 from 4.7% in the previous month, as prices slowed mostly for food & non-alcoholic beverages (6.5% vs 7.9% in May); health (2.9% vs 3%) and alcoholic beverages & tobacco (20.1% vs 21.1%). Meantime, inflation was steady for transport (3.2%) and housing & utilities (at 1.8%). In contrast, costs rebounded for furnishings (0.9% vs -0.2%) and rose faster for recreation & culture (5% vs 4.6%); restaurants & hotels (2.5% vs 1.3%) and miscellaneous goods & services (0.8% vs 0.6%). On a monthly basis, consumer prices fell 1%, after increasing 0.5% in the prior month. Inflation Rate in Georgia averaged 7.19 percent from 1996 until 2019, 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.

Inflation Rate in Georgia is expected to be 2.50 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 2.90 in 12 months time. In the long-term, the Georgia Inflation Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.

Georgia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-03 07:00 AM Inflation Rate YoY 3.7% 2.3% 2.4%
2019-05-03 07:00 AM Inflation Rate YoY 4.1% 3.7% 3.8%
2019-06-03 07:00 AM Inflation Rate YoY 4.7% 4.1% 4.4%
2019-07-03 07:00 AM Inflation Rate YoY 4.3% 4.7% 4.6%
2019-08-02 07:00 AM Inflation Rate YoY 4.3%
2019-09-03 07:00 AM Inflation Rate YoY
2019-10-03 07:00 AM Inflation Rate YoY 2.5%


Georgia Prices Last Previous Highest Lowest Unit
Inflation Rate 4.30 4.70 59.31 -3.30 percent [+]
Consumer Price Index CPI 131.90 133.20 133.20 51.80 Index Points [+]
GDP Deflator 102.40 103.60 114.30 96.90 Index Points [+]
Import Prices 102.00 100.10 106.40 94.80 Index Points [+]
Producer Prices 151.20 152.70 152.70 54.73 Index Points [+]
Producer Prices Change 4.10 5.70 19.00 -9.76 percent [+]
Inflation Rate Mom 0.50 0.20 3.53 -4.04 percent [+]
Food Inflation 6.50 7.90 30.70 -10.93 percent [+]
Cpi Housing Utilities 100.10 100.03 115.25 95.68 Index Points [+]
CPI Transportation 100.87 101.88 118.22 95.72 Index Points [+]
Export Prices 101.80 100.50 111.80 95.50 Index Points [+]
Core Inflation Rate 3.60 3.40 8.20 -0.80 percent [+]


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). 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.30 4.70 59.31 -3.30 1996 - 2019 percent Monthly
2005=100




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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