Annual inflation rate amounts to 13.9 percent

In December 2021 the Consumer Price Index increased by 0.3 percent compared to the previous month, while the annual inflation rate amounted to 13.9 percent, - reads the report issued by the National Statistics Office of Georgia.

With regard to the annual core inflation, the prices increased by 5.9 percent, while the annual core inflation without tobacco amounted to 6.0 percent.

The monthly inflation rate was mainly influenced by price changes for the following groups: Food and non-alcoholic beverages: the prices for the group increased by 0.8 percent, contributing 0.27 percentage points to the overall monthly index change. The prices were higher for the following subgroups: fish (2.3 percent), sugar, jam, honey, chocolate and confectionery (2.0 percent), milk, cheese and eggs (1.9 percent), vegetables (1.8 percent), oils and fats (0.9 percent). Along with this, the prices decreased for fruit and grapes (-0.7 percent); Restaurants and hotels: the prices for the group posted a 0.9 percent increase, with the relevant contribution of 0.06 percentage points to the monthly inflation rate. Within the group the prices were higher for catering services (1.2 percent); Clothing and footwear: the prices for the group decreased for a 1.4 percent, with the relevant contribution of -0.05 percentage points to the monthly inflation rate. Within the group, the prices were lower for both footwear (-2.4 percent) and clothing (-0.7 percent).