Prices on food and non-alcoholic beverages decreased by 1.1 percent in July in Georgia

Prices on food and non-alcoholic beverages decreased by 1.1 percent, while the prices increased for transport services in July in Georgia, - the Georgian National Statistics

Office said on August 3.

As Geostat informs, in July the Consumer Price Index decreased by 0.3 percent compared to the previous month, while the annual inflation rate amounted to 2.8 percent.

Prices on food and non-alcoholic beverages decreased by 1.1 percent, contributing -0.32 percentage points to the overall CPI change. Prices decreased for the following subgroups: fruit and grapes (-12.6 percent) and vegetables (-10.7 percent). In the meantime, the prices increased for milk, cheese and eggs (2.7 percent); Transport: prices increased by 1.2 percent, contributing 0.15 percentage points to the overall CPI change. Prices increased for transport services (1.7 percent) and operation of personal transport equipment (1.3 percent). Meanwhile, the prices decreased for the subgroup of purchase of vehicles (-1.6 percent);

Clothing and footwear: prices in the group decreased by 1.4 percent, contributing -0.05 percentage points to the overall CPI change. In the mentioned period the prices decreased for footwear (-2.4 percent) and clothing (-1.0 percent). The following table shows percentage changes in prices for the commodity groups of the consumer basket, as well as the relevant contributions to the overall annual inflation rate in July 2018.

Housing, water, electricity, gas and other fuels: prices increased by 5.2 percent, contributing 0.43 percentage points to the annual inflation. The prices increased for the subgroups of water supply and miscellaneous services relating to the dwelling (7.7 percent) and electricity, gas and other fuels (6.0 percent); Health: prices increased by 5.0 percent, which resulted in a 0.42 percentage point contribution to the overall annual inflation. Prices increased for the following subgroups: medical products, appliances and equipment (9.0 percent), out-patient services (3.4 percent) and hospital services (2.4 percent). Alcoholic beverages and tobacco: prices in the group increased by 4.4 percent, with a relevant contribution of 0.31 percentage points to the annual inflation. Prices increased for the subgroup of tobacco (8.2 percent); Clothing and footwear: in the mentioned period there was a 8.3 percent decrease in the prices, contributing -0.32 percentage points to the annual inflation. The prices decreased both for clothing (-8.5 percent) and footwear (-7.9 percent).