Geostat: Annual Inflation 7% in November

Georgia’s annual inflation stood at 7% in November after it was registered at 6.9% in the previous month, the National Statistics Office (Geostat) reported on December 3. On a monthly basis prices were up by 0.9% in November. 

The annual inflation rate was driven by higher prices in the group of food and non-alcoholic beverages (up by 13.4% y/y); alcoholic beverages and tobacco (up by 15.4% y/y); recreation and culture (up by 7% y/y); transport (up by 3.1% y/y); restaurants and hotels (up by 7.4% y/y).

The monthly inflation rate was driven by higher prices in the group of food and non-alcoholic beverages (up by 1.2% y/y); alcoholic beverages and tobacco (up by 2% y/y); recreation and culture (up by 1.7% y/y); clothing and footwear (up by 2.1% y/y).

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