According to the National Statistics Office of Georgia, in August 2021, compared to the previous month, the inflation rate in Georgia was 0.7 percent, and the annual inflation rate was 12.8 percent.
As for core inflation, this figure was 6.7 percent in August 2021, compared to the same period last year, and the annual core inflation rate without tobacco was 6.8 percent.
The main impact on the formation of the monthly inflation rate was the change in prices for the following groups:
Food & Non-Alcoholic Beverages: Prices in the group rose 1.4 percent, reflecting a 0.45 percentage point rise in monthly inflation. Prices increased for the following subgroups: milk, cheese and eggs (3.8 percent), meat and meat products (2.6 percent), vegetables and horticulture (2.1 percent), coffee, tea and cocoa (1.2 percent), fish (1.1 percent), minerals and spring water, non-alcoholic beverages and natural juices (1.0 percent). At the same time, prices fell for oil and fat (-2.1 percent), as well as fruits and grapes (-1.5 percent);
Transport: Prices in the group increased by 1.1 percent, which was reflected in the monthly inflation of 0.14 percentage points. Prices increased for the operation of personal vehicles (1.2 percent), for transport services (0.9 percent) and for the purchase of vehicles (0.5 percent);
Hotels, cafes, and restaurants: Prices in the group rose by 1.8 percent, reflecting a 0.11 percentage point rise in monthly inflation. Prices increased for both overnight services (7.2 percent) and catering (1.1 percent);
Housing, water, electricity, gas: 0.8 percent increase in prices was observed in the group, which was reflected in the monthly inflation by 0.11 percentage points. Prices increased for the subgroups: actual tax on housing (4.3 percent) and ongoing maintenance and repair of housing (0.5 percent).