Annual inflation rate was 6.4 percent in January, 2020

The Consumer Price Index increased by 0.7 percent compared to the previous month, while the annual inflation rate amounted to 6.4 percent in January of 2020, the Georgian National Statistics Office (Geostat).

According to the Geostat, in the same period, the inflation rate without tobacco1 amounted to 0.6 percent over the previous month, while the prices increased by 5.9 percent compared to the same month of previous year. With regard to the annual core inflation2 , the prices increased by 4.4 percent, while the annual core inflation without tobacco3 amounted to 3.4 percent.

The monthly inflation rate was mainly influenced by price changes for the following groups: food and non-alcoholic beverages - the prices increased by 2.3 percent; Alcoholic beverages and tobacco - the prices went up by 1.8 percent; Recreation and culture - the prices decreased by 4.5 percent.