Annual Inflation 7.7% in May

Georgia’s annual inflation rate in May stood at 7.7%, while on a monthly basis consumer prices increased by 0.7%, the National Statistics Office (Geostat) reported on June 3.

According to Geostat, the annual inflation rate was primarily driven by price changes in the following groups: transport (17.4% increase); health (13.4% increase);  housing, water, electricity gas and other fuels (6.6% increase) and food and non-alcoholic beverages (3.3% increase).

Meanwhile, the monthly inflation rate was mostly influenced by price changes in transport (2% increase), furnishings, household equipment and maintenance (1.7% increase), and restaurants and hotels (1.4% increase).

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