BAKU, Azerbaijan, January 15. Georgia’s
Consumer Price Index fell slightly by 0.2% on a monthly basis in
December, while annual inflation remained at 4%,
Trend reports via the National Statistics Office of
Georgia.
According to official data, annual core inflation stood at 2%,
while core inflation excluding tobacco amounted to 1.6%.
The monthly decline in prices was mainly driven by lower costs
in several consumer groups. Prices for clothing and footwear fell
by 1.9%, contributing the largest downward impact on monthly
inflation, while housing-related expenses declined by 0.4%.
Transport prices decreased as well by 0.3%, primarily due to
cheaper vehicles and lower operating costs, despite an increase in
transport service prices.
In contrast, the health category recorded price growth of 0.5%,
largely reflecting higher costs for medical products, appliances,
and equipment.
Earlier, the UK-based Centre for Economics and Business Research
(CEBR) published its forecast on Georgia’s GDP growth. According to
the report, the country’s annual GDP growth is projected to average
5.2% between 2026 and 2030.
