Inflation Rate in Georgia, June 2018

Inflation Rate in Georgia, June 2018

The FINANCIAL -- In June 2018 the monthly inflation rate amounted to -0.6 percent. Compared to the same month of the previous year the Consumer Price Index change (annual inflation rate) posted a 2.2 percent increase.

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 monthly inflation rate, according to Geostat.

The monthly inflation rate was mainly influenced by price changes for the following groups:

Food and non-alcoholic beverages: prices in the group decreased by 2.6 percent, contributing -0.79 percentage points to the overall CPI change. Prices decreased for the following subgroups: fruit and grapes (-14.6 percent), vegetables (-13.9 percent), milk, cheese and eggs (-2.3 percent), oils and fats (-0.8 percent). In the meantime, the prices increased for meat (0.9 percent);

Transport: prices went up by 0.8 percent, contributing 0.1 percentage points to the overall index change. Prices increased for operation of personal transport equipment (1.5 percent). Meanwhile, the prices were lower for the subgroup of purchase of vehicles (-2.1 percent);

Alcoholic beverages and tobacco: prices in the group were up by 1.1 percent, with a relevant contribution of 0.08 percentage points to the monthly inflation. Prices increased for the subgroup of tobacco (1.6 percent).