Geostat: Annual Inflation 3.6% in February

Georgia’s annual inflation rate in February stood at 3.6%, while on a monthly basis consumer prices increased by 1.1%, the National Statistics Office (Geostat) reported on March 2.

According to Geostat, the annual inflation rate was primarily driven by price changes in the following groups: food and non-alcoholic beverages (6.2% increase); health (9.8% increase); furnishings, household equipment and maintenance (12.3% increase); alcoholic beverages and tobacco (8.1% increase) and housing, water, electricity gas and other fuels (21.2% decrease).

Meanwhile, the monthly inflation rate was mostly influenced by price changes in food and non-alcoholic beverages (1.1% increase), transport (2.5% increase), and restaurants and hotels (3.7% increase).

Also Read:

• Geostat: Annual Inflation 2.8% in January
• Geostat: Georgia’s GDP Declined by 11.5% in January
• Georgia’s Foreign Trade in January 2021

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