The annual inflation rate in Georgia declined to 12.3% in September of 2021 from 12.8 percent in the previous month, mainly due to a slowdown in prices of both food & non-alcoholic beverages (15.9% vs 16.2% in August) and transport (20.3% vs 22.5%). Also prices increased less for restaurants & hotels (10.7% vs 11.7%); furnishings (12.5% vs 12.6%); health (9.2% vs 10.9%); and alcoholic beverages & tobacco (6.3% vs 7.1%). Meanwhile, prices of housing & utilities continued to rise (11.8% vs 11.6%). In addition, prices of clothing & footwear fell (-1.1% vs 1.1%). On a monthly basis, consumer prices were up 0.2%, easing from a 0.7 percent rise in the previous month. source: National Bank of Georgia
Inflation Rate in Georgia averaged 7.11 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 October of 2021.
Inflation Rate in Georgia is expected to be 8.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Inflation Rate is projected to trend around 3.00 percent in 2022, according to our econometric models.