BAKU, Azerbaijan, March 2
By Tamilla Mammadova – Trend:
In February 2020, the Consumer Price Index increased by 0.3 percent in Georgia compared to the January 2020, while the annual inflation rate amounted to 6.4 percent, Trend reports via the National Statistics Office of Georgia (Geostat).
With regard to the annual core inflation, the prices increased by 4.6 percent, while the annual core inflation without tobacco amounted to 3.8 percent.
The monthly inflation rate was mainly influenced by price changes for the food and non-alcoholic beverages: the prices in the group increased by 1.3 percent, contributing 0.4 percentage points to the overall monthly inflation rate. Within the group the prices were higher for the following subgroups: vegetables (8 percent), fruit and grapes (3.6 percent), mineral waters, soft drinks, fruit and vegetable juices (1.7 percent), sugar, jam, honey, chocolate and confectionery (0.7 percent).
In addition, the prices decreased for oils and fats (-0.6 percent) and milk, cheese and eggs (-0.3 percent).
The prices on clothing and footwear decreased by 3.1 percent, contributing -0.11 percentage points to the overall monthly inflation rate. The prices on transport decreased by 0.7 percent, which resulted in a -0.08 percentage point contribution to the overall annual inflation rate. The prices decreased for purchase of vehicles (-1.2 percent) and operation of personal transport equipment (-1 percent).
The annual inflation rate was mainly influenced by price changes for the food and non-alcoholic beverages: the prices in the group increased by 12.7 percent, contributing 3.95 percentage points to the overall annual inflation rate.
Within the group the prices were higher for the fruit and grapes (25.1 percent), milk, cheese and eggs (19.2 percent), meat (15.1 percent), sugar, jam, honey, chocolate and confectionery (11.2 percent), vegetables (11.1 percent), fish (10.3 percent), mineral waters, soft drinks, fruit and vegetable juices (8.7 percent), oils and fats (7.4 percent), bread and cereals (5.6 percent) and coffee, tea and cocoa (5 percent).
The prices on restaurants and hotels went up by 8.7 percent, contributing 0.39 percentage points to the overall annual inflation rate.
The prices in the group increased for catering services (9.5 percent) and accommodation services (1.3 percent).
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