According to Geostat, the annual inflation rate amounted to 3.6% in February

According to Geostat, in February 2021, compared to the previous month, the inflation rate in Georgia was 1.1 percent, and the annual inflation rate amounted to 3.6 percent.

As for core inflation, according to Geostat, this figure was 6.6 percent in February 2021 compared to the same period last year, and the annual core inflation rate without tobacco amounted to 6.3 percent.

The monthly inflation rate was mainly influenced by the change in prices for the following groups: In the food and non-alcoholic beverages group, prices increased by 1.1 percent. Prices increased for the following subgroups: sugar, jam and other sweets (5.4 percent), oil and fat (4.9 percent), fruits and grapes (2.6 percent), mineral and spring water, soft drinks and natural juices (2.3 percent), vegetables and horticulture (1.9 percent), bread and bakery products (1.5 percent). At the same time, prices fell for the subgroup of milk, cheese and eggs (-2.7 percent).

Prices in the transport group rose 2.5 percent. Prices increased for the operation of personal vehicles (3.7 percent) too. In the group of hotels, cafes and restaurants, prices increased by 3.7 percent. In addition, prices were increased for the catering (3.8 percent) and accomodation services (2.9 percent) subgroups.