GeoStat reports on inflation rate in Georgia in April 2019.
By Nika Gamtsemlidze
Monday, May 6
In April of 2019 the Consumer Price Index (CPI) increased by 0.2 percent compared to the previous month, while the annual inflation was 4.1 percent.
A Consumer Price Index measures changes in the price level of a market basket of consumer goods and services purchased by households, it measures statistical estimate constructed using the prices of a sample of representative items whose prices are collected monthly by GeoStat.
The monthly inflation rate was mainly influenced by the price changes of the groups like Food and Non-alcoholic Beverages, the prices in this group increased by 0.7 percent, which is 0.21 percent of the overall monthly inflation rate. The prices increased in the following subgroups: vegetables (5.6 percent), fruit and grapes (5.0 percent), and meat (1.0 percent). On the other hand, the prices decreased for milk, cheese, and eggs (-3.8 percent).
Clothing and Footwear also had some changes, the prices increased by 1.4 percent, which was 0.04 percent to the overall monthly inflation rate. The prices went up for both clothing (1.7 percent) and footwear (1.1 percent).34q2
The prices also increased in Restaurants and hotels by 0.7 percent, with a relevant contribution of 0.03 percentage points to the overall monthly CPI growth. Within the group, the prices were higher for accommodation services (2.8 percent).
The report published by GeoStat also shows relevant contributions to the overall annual inflation rate in April 2019.
In the group of Food and Non-alcoholic Beverages, the prices increased by 5.9 percent, contributing 1.82 percentage points to the overall annual inflation rate.
For Alcoholic Beverages and Tobacco, the prices increased by 21.1 percent, with a relevant contribution of 1.38 percentage points to the overall annual CPI growth.
The prices went up by 7.2 percent in Recreation and Culture, contributing 0.41 percentage points to the overall annual inflation rate. The price increase for Transport was 2.3 percent, which resulted in a 0.29 percentage point contribution to the overall annual inflation rate. The values were higher mainly for the operation of personal transport equipment (3.5 percent).
The National Statistics Office is an agency in charge of national statistics and responsible for carrying out the population, agricultural and other censuses in Georgia.