The annual inflation rate in Georgia increased to 9.9% in June of 2021, the highest since June 2011, from 7.7 percent in the previous month, mainly due to a faster rise in prices of housing & utilities (10.5% vs 6.6%); transport (22.0% vs 17.4%) and food & non-alcoholic beverages (8.8% vs 3.3%). Meanwhile, prices continued to rise for restaurants & hotels (9.6% vs 11.8%); health (11.6% vs 13.4%); furnishings (10.6% vs 12.0%). On a monthly basis, consumer prices were up 0.7%, the same pace as in the previous month. source: National Bank of Georgia

Inflation Rate in Georgia averaged 7.07 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 July 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Georgia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.90 7.70 59.31 -3.30 1996 - 2021 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-02 07:00 AM Mar 7.2% 3.6% 3.9%
2021-05-04 07:00 AM Apr 7.2% 7.2% 8.8%
2021-06-04 07:00 AM May 7.7% 7.2% 9.5%
2021-07-05 03:45 AM Jun 9.9% 7.7% 8%
2021-08-03 07:00 AM Jul 9.9%
2021-09-03 07:00 AM Aug
2021-10-04 07:00 AM Sep
2021-11-03 07:00 AM Oct


News Stream
Georgia June Inflation Rate Highest Since 2011
The annual inflation rate in Georgia increased to 9.9% in June of 2021, the highest since June 2011, from 7.7 percent in the previous month, mainly due to a faster rise in prices of housing & utilities (10.5% vs 6.6%); transport (22.0% vs 17.4%) and food & non-alcoholic beverages (8.8% vs 3.3%). Meanwhile, prices continued to rise for restaurants & hotels (9.6% vs 11.8%); health (11.6% vs 13.4%); furnishings (10.6% vs 12.0%). On a monthly basis, consumer prices were up 0.7%, the same pace as in the previous month.
2021-07-05
Georgia Inflation Rate Steady at Over 9-1/2-Year High
The annual inflation rate in Georgia stood at 7.2% in April of 2021, unchanged from March which was the highest in more than nine-and-a-half-years. Main upward pressure came from prices of restaurants & hotels (15% vs 7.7% in March); health (13.8% vs 13.6%); transport (12.4% vs 5.8%); furnishings (9% vs 12%) and alcoholic beverages & tobacco (8% vs 8.9%). Meanwhile, costs slowed down for housing & utilities (7.1% vs 7.6%) and food & non-alcoholic beverages (3% vs 5.7%). On a monthly basis, consumer prices were up 0.9%, slowing sharply from a 4.2% rise in the previous month.
2021-05-04
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
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).