Record hike in foodstuff prices reported in Georgia in January

According to the Georgian National Statistics Office, the inflation rate in January made 2,9% as compared with previous month. The Consumer Price Index (CPI) increased by 3,9% as against January last year, which is the maximum rate reported over the past few years. The prices increased by 22,5% as compared with the average index of 2010.

There was a considerable increase in foodstuffs and beverage prices – by 4,2% over the year, including those on vegetables (by 22,4%) and fruit (8,9%).  

There was a major hike in transport (7,2%), as well as alcohol and tobacco (6.2%) prices over the months (from December till January). At the same time, some goods dropped in prices within the month – clothing and footwear prices dropped on average by 1,4%.