Inflation

Inflation 5.4% in March 2017, Exceeding National Bank Target

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Photo: საქსტატი

According to the National Statistics Office of Georgia - Geostat, the annual inflation rate in March 2017 amounted to 5.4%, which exceeds the targeted 4% indicator of the National Bank of Georgia. In February 2017, inflation amounted to 5.5%.

Prices rose the most in the transport sector by 18% in March 2017. This is partly due to the rise of excise taxes. There was also a 16% rise in prices for alcoholic beverages and tobacco products, also connected to the rise of excise taxes.

Price increases in Georgia in March 2017 y/y:

  • Food and non-alcoholic beverages - 5.4% more expensive
  • Alcoholic beverages and tobacco - 16% more expensive
  • Clothing and footwear - 4% less expensive
  • Housing, water, electricity, gas and other fuels - 0.7% more expensive
  • Furnisher, household equipment and maintenance - 0.9% less expensive
  • Health - 4.2% more expensive
  • Transport - 18.7% more expensive
  • Communication - 0.6% more expensive
  • Recreation and culture - 0.1% more expensive
  • Education - 1.3% more expensive
  • Restaurants and hotels - 1% more expensive
  • Miscellaneous goods and services - 2.2% more expensive

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