The annual inflation rate in Georgia increased to 4.1 percent in April 2019 from 3.7 percent in the previous month. It was the highest inflation rate since January last year, as prices rose further for food & non-alcoholic beverages (5.9 percent vs 4.8 percent in March); transport (2.3 percent vs 1.7 percent); recreation & culture (7.2 percent vs 6.7 percent); education (2.5 percent vs 2.4 percent); and alcoholic beverages & tobacco (21.1 percent vs 20.8 percent). Also, cost of clothing & footwear fell less (-7.6 percent vs -10.1 percent). Meanwhile, prices eased for housing & utilities (1.7 percent vs 2.2 percent); furniture & household equipment (a flat reading vs 0.2 percent); miscellaneous goods & services (0.7 percent vs 0.8 percent); and health (3.2 percent vs 3.6 percent). Additionally, inflation was steady for restaurant & hotels (0.6 percent, the same as in April). On a monthly basis, consumer prices went up 0.2 percent, slowing from a 1.0 percent gain in March. Inflation Rate in Georgia averaged 7.23 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 4.60 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 2.70 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.