Annual Inflation Hits 12.3% in September

Georgia’s annual inflation rate in September amounted to 12.3%, the National Statistics Office (Geostat) reported today.

On a monthly basis, meanwhile, consumer prices increased by 0.2%.

The annual inflation rate was primarily driven by price changes in transport (20.3% increase), food and non-alcoholic beverages (15.9% increase), housing, water, electricity, gas and other fuels (11.8% increase) and health (9.2% increase).

The monthly inflation rate was influenced by price changes in education (4.3% increase), and food and non-alcoholic beverages (0.2% increase).

Also Read:

• Georgian Central Bank Sells USD 60 Million
• Georgia’s GDP Increased by 10.3% in August
• IMF: Georgia’s Economy Bounces Back, Reforms Needed
• Annual Inflation Hits 10-Year High at 12.8% in August

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