In May 2024, compared to the previous month, the inflation level in Georgia was 0.4 percent, and the annual inflation level was 2.0 percent. Geostat disseminates information about this.

As for base inflation, according to their reports, in May 2024, this indicator was 1.7 percent compared to the corresponding period of last year, and the annual base inflation without tobacco was also determined at 1.7 percent.

"The formation of the monthly inflation index was mainly influenced by price changes in the following groups: Transport: prices in the group increased by 1.2 percent, which reflected the monthly inflation by 0.15 percentage points. Prices increased mainly for the operation of personal vehicles (2.0 percent); Food and non-alcoholic beverages: prices in the group increased by 0.4 percent, reflecting the monthly inflation by 0.12 percentage points. Price increases were observed for the following subgroups: vegetables and garden vegetables (7.8 percent), fruits and grapes (4.1 percent), sugar, jam and other sweets (2.5 percent), fish (0.6 percent), bread and bakery products (0.4 percent). However, prices decreased for the following subgroups: oil and fat (-3.7 percent), milk, cheese and eggs (-2.8 percent), mineral and spring water, non-alcoholic beverages and natural juices (-0.6 percent), meat and meat products (-0.6 percent ), coffee, tea and cocoa (-0.4 percent); Hotels, cafes and restaurants: compared to the previous month, the prices increased by 1.5 percent, which was reflected by 0.05 percentage points in the month's inflation. Prices have increased both for overnight services (1.6 percent) and public catering (1.4 percent).

The formation of annual inflation was mainly influenced by price changes in the following groups: prices in the transport group increased by 12.3 percent, which was reflected in the overall index by 1.44 percentage points. Prices increased for the operation of personal vehicles (17.6 percent), purchase of vehicles (4.7 percent) and transportation services (3.4 percent); Hotels, cafes and restaurants: prices in the group increased by 7.7 percent, reflecting annual inflation by 0.25 percentage points. Prices increased for overnight stays (11.0 percent) and catering (7.0 percent); Alcoholic beverages, tobacco: prices in the group increased by 3.5 percent, reflecting annual inflation by 0.24 percentage points. Prices increased for both alcoholic beverages (4.5 percent) and tobacco products (2.5 percent);

Food and non-alcoholic beverages: Prices in the group increased by 0.7 percent, reflecting annual inflation by 0.22 percentage points. Prices increased for the following subgroups: fruits and grapes (38.1 percent), vegetables and garden vegetables (4.5 percent), mineral and spring water, non-alcoholic beverages and natural juices (4.0 percent), sugar, jam and other sweets (2.5 percent), coffee, tea and cocoa (2.0 percent), meat and meat products (1.0 percent). "At the same time, prices decreased for the following subgroups: oil and fat (-14.9 percent), bread and bakery products (-5.1 percent), milk, cheese and eggs (-2.1 percent)," the information states.