Cost of food in Georgia increased 21.80 percent in June of 2022 over the same month in the previous year. source: National Bank of Georgia
Food Inflation in Georgia averaged 7.43 percent from 2005 until 2022, 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. Georgia Food Inflation - values, historical data and charts - was last updated on August of 2022.
Food Inflation in Georgia is expected to be 24.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Food Inflation is projected to trend around 9.00 percent in 2023 and 7.00 percent in 2024, according to our econometric models.