The annual inflation rate in Georgia rose to 6.9 percent in April of 20020 from 6.1 percent in the previous month. It was the highest inflation rate since last December, amid surging prices of food & non-alcoholic beverages (16.1 percent vs 13.4 percent in March); miscellaneous goods & services (8 percent vs 6.8 percent); furnishings (9.6 percent vs 4.1 percent) and housing & utilities (3.7 percent vs 3.2 percent). In contrast, costs declined for transport (-0.4 percent vs 3 percent); communication (-0.5 percent vs -1.8 percent); recreation & culture (-4.3 percent vs -4.4 percent) and clothing & footwear (-2.2 percent vs -0.9 percent). On a monthly basis, consumer prices inched up 0.9 percent, after increasing 0.7 percent in the previous month.

Inflation Rate in Georgia averaged 7.16 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 May of 2020.

Inflation Rate in Georgia is expected to be 7.50 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 3.10 in 12 months time. In the long-term, the Georgia Inflation Rate is projected to trend around 3.10 percent in 2021 and 2.90 percent in 2022, according to our econometric models.

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Georgia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.90 6.10 59.31 -3.30 1996 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-02-03 07:00 AM Jan 6.4% 7.0% 6.0%
2020-03-02 07:00 AM Feb 6.4% 6.4% 6.5%
2020-04-03 07:00 AM Mar 6.1% 6.4% 5.9%
2020-05-04 07:00 AM Apr 6.9% 6.1% 5.4%
2020-06-03 07:00 AM May 6.9% 6.5%
2020-07-03 07:00 AM Jun 7.5%
2020-08-03 07:00 AM Jul
2020-09-03 07:00 AM Aug


News Stream
Georgia April Inflation Rate at 4-Month High of 6.9%
The annual inflation rate in Georgia rose to 6.9 percent in April of 20020 from 6.1 percent in the previous month. It was the highest inflation rate since last December, amid surging prices of food & non-alcoholic beverages (16.1 percent vs 13.4 percent in March); miscellaneous goods & services (8 percent vs 6.8 percent); furnishings (9.6 percent vs 4.1 percent) and housing & utilities (3.7 percent vs 3.2 percent). In contrast, costs declined for transport (-0.4 percent vs 3 percent); communication (-0.5 percent vs -1.8 percent); recreation & culture (-4.3 percent vs -4.4 percent) and clothing & footwear (-2.2 percent vs -0.9 percent). On a monthly basis, consumer prices inched up 0.9 percent, after increasing 0.7 percent in the previous month.
2020-05-04
Georgia March Inflation Rate at 7-Month-Low of 6.1%
The annual inflation rate in Georgia eased to 6.1 percent in March of 2020 from 6.4 percent in the previous month, reaching its lowest level since August of last year. Prices fell markedly for recreation & culture (-4.4 percent vs 2.5 percent) while inflation slowed mostly for alcoholic beverages & tobacco (0.6 percent vs 4.6 percent in February) and housing & utilities (3.2 percent vs 3.4 percent). On the other hand, prices advanced further for food & non-alcoholic beverages (13.4 percent vs 12.7 percent); furnishings (4.1 percent vs 3.9 percent); restaurants & hotels (8.9 percent vs 8.7 percent) and miscellaneous goods & services (6.8 percent vs 6.7 percent). On a monthly basis, consumer prices went up 0.7 percent, after increasing 0.3 percent in the previous month.
2020-04-06
Georgia Inflation Rate Stays at 4-Month Low
The annual inflation rate in Georgia came in at 6.4 percent in February of 2020, unchanged from the previous month. It remained the lowest inflation rate since September last year, as prices rose softer for both health (2.4 vs 3.5 percent) and alcoholic beverages & tobacco (4.6 percent vs 11.2 percent), while that of transport fell (-1.3 percent vs 3.3 percent in January). On the other hand, prices went up faster for: housing & utilities (3.4 percent vs 3.1 percent); food and non-alcoholic beverages (12.7 percent vs 11.3 percent); recreation & culture (2.5 percent vs 1.9 percent); furniture & household equipment (3.9 percent vs 3.4 percent); miscellaneous goods & services (6.7 percent vs 6.4 percent); restaurants & hotels (8.7 percent vs 8.2 percent). On a monthly basis, consumer prices went up 0.3 percent, easing from a 0.7 percent gain in January, the lowest since July last year.
2020-03-02
Georgia Inflation Rate Eases to 4-Month Low
The annual inflation rate in Georgia decreased to 6.4 percent in January of 2020 from 7 percent in the previous month. It was the lowest inflation rate since September last year, as cost advanced softer for housing & utilities (3.1 percent vs 3.7 percent in December 2019); food and non-alcoholic beverages (11.3 percent vs 12.3 percent); recreation & culture (1.9 percent vs 6.9 percent); and alcoholic beverages & tobacco (11.2 percent vs 15.6 percent). Meantime, prices increased faster for: transport (3.3 percent vs 2.9 percent); furniture & household equipment (3.4 percent vs 3.2 percent); miscellaneous goods & services (6.4 percent vs 5.8 percent); restaurants & hotels (8.2 percent vs 7.9 percent), while health inflation was steady (at 3.5 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.4 percent rise in December 2019.
2020-02-03

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).