The annual inflation rate in Georgia soared to 7.2 percent in March of 2021 from 3.6 percent in the previous month. It was the highest inflation rate since August of 2011, pushed up by prices of housing & utilities (7.6 percent vs -21.2 percent in February); furnishings (12 percent vs 12.3 percent); health (13.6 percent vs 9.8 percent); miscellaneous goods & services (9 percent vs 9.4 percent); alcoholic beverages & tobacco (8.9 percent vs 8.1 percent) and food & non-alcoholic beverages (5.7 percent vs 6.2 percent). On a monthly basis, consumer prices inched up 4.2 percent, the biggest increase since at least January of 2004, mainly on account of prices of housing & utilities (36.1 percent vs -0.4 percent). source: National Bank of Georgia

Inflation Rate in Georgia averaged 7.06 percent from 1996 until 2021, 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 April of 2021.

Inflation Rate in Georgia is expected to be 8.80 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 3.30 in 12 months time. In the long-term, the Georgia Inflation Rate is projected to trend around 3.00 percent in 2022, according to our econometric models.

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Georgia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.20 3.60 59.31 -3.30 1996 - 2021 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-04 07:00 AM Dec 2.4% 3.8% 3.6%
2021-02-03 07:00 AM Jan 2.8% 2.4% 3.2%
2021-03-02 07:00 AM Feb 3.6% 2.8% 3.5%
2021-04-02 07:00 AM Mar 7.2% 3.6% 3.9%
2021-05-04 07:00 AM Apr 7.2% 8.8%
2021-06-03 07:00 AM May 9.5%
2021-07-02 07:00 AM Jun
2021-08-03 07:00 AM Jul


News Stream
Georgia Inflation Rate Picks Up to Over 9-1/2-Year High
The annual inflation rate in Georgia soared to 7.2 percent in March of 2021 from 3.6 percent in the previous month. It was the highest inflation rate since August of 2011, pushed up by prices of housing & utilities (7.6 percent vs -21.2 percent in February); furnishings (12 percent vs 12.3 percent); health (13.6 percent vs 9.8 percent); miscellaneous goods & services (9 percent vs 9.4 percent); alcoholic beverages & tobacco (8.9 percent vs 8.1 percent) and food & non-alcoholic beverages (5.7 percent vs 6.2 percent). On a monthly basis, consumer prices inched up 4.2 percent, the biggest increase since at least January of 2004, mainly on account of prices of housing & utilities (36.1 percent vs -0.4 percent).
2021-04-02
Georgia Inflation Rate Rises to 3-Month High
The annual inflation rate in Georgia increased to 3.6 percent in February of 2021 from 2.8 percent in the previous month, and reaching the highest level since last November, due to a rebound in prices of transport (2.3 percent vs -0.9 percent). Main upward pressure also came from: food and non-alcoholic beverages (6.2 percent vs 6.4 percent in January), health (9.8 percent vs 9.7 percent), restaurants & hotels (5.3 percent vs 2.0 percent) and recreation & culture (3.5 percent vs 1.4 percent). Downward pressure came from housing & utilities (-21.1 percent vs -20.5 percent). On a monthly basis, consumer prices rose by 1.1 percent, the same pace as in the previous month.
2021-03-02
Georgia Inflation Rate Accelerates to 2.8% in January
The annual inflation rate in Georgia increased to 2.8 percent in January of 2021 from 2.4 percent in the previous month. Main upward pressure came from: food and non-alcoholic beverages (6.4 percent vs 6.8 percent in December 2020), health (9.7 percent vs 9.6 percent), restaurants & hotels (2.0 percent vs 3.5 percent) and recreation & culture (1.4 percent vs -2.8 percent). Downward pressure came from housing & utilities (-20.5 percent vs -21.7 percent) and transport (-0.9 percent vs -2.3 percent). On a monthly basis, consumer prices rose by 1.1 percent, after declining 1.0 percent in the previous month.
2021-02-03
Georgia Inflation Rate Eases to Near 2-Year Low
The annual inflation rate in Georgia dropped to 2.4 percent in December of 2020 from 3.8 percent in the previous month. It was the lowest inflation rate since February of 2019, amid a decline in prices of housing & utilities (-21.7 percent vs 1.4 percent in November), due to lower prices of water supply and miscellaneous services relating to the dwelling (-36.5 percent) and electricity, gas and other fuels (-30.1 percent). Also, prices of restaurants & hotels increased less (3.5 percent vs 5.9 percent).Prices continued to increase for both food and non-alcoholic beverages (6.8 percent vs 6.0 percent) and health (9.6 percent vs 8.8 percent). Meanwhile, cost drop further mostly for transport (-2.3 percent vs -5.2 percent) and recreation & culture (-2.8 percent vs -4.2 percent). On a monthly basis, consumer prices fell 1.0 percent, the first monthly decrease since July, after a 0.9 percent growth in the previous month.
2021-01-04

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).