25 October 2021,   20:32
Prices for consumer products have risen in Georgia - GeoStat publishes new report

The prices of restaurants, hotels, transport and healthcare have increased in Georgia month-on-month, according to the report of the National Statistics Office of Georgia (Geostat).

The prices in the group of restaurants and hotels increased by 4.3%. The prices were higher for catering services (4.4%). Health-related costs went up by 1.3%. Prices increased for medical products, appliances and equipment (2.8%). Prices of transport increased 2.4%. However, the prices were lower for operation of personal transport equipment (-4.4%).

Overall, in May the consumer price index increased by 0.2% compared to the previous month, while the annual inflation rate amounted to 6.5%.

As for the annual inflation, here prices increased in the group of food and non-alcoholic beverages (+ 14.7%):
Fruit and grapes (47.1%)
Milk, cheese and eggs (%)
Fish (17.1%)
Sugar, jam, honey, chocolate and confectionery (14.5%)
Coffee, tea and cocoa (13.9%)
Meat (13.5%)
Oils and fats (13.1%)
Mineral waters, soft drinks, fruit and vegetable juices (9.5%)
Bread and cereals (9.2%) 
Vegetables (2.7%)
Year-on-year prices of transport went down by 4.6%. Prices decreased for operation of personal transport equipment (-6.9%).

In order to calculate the inflation rate, prices are collected on dates 10th to 20th for each month in about 1800 retail outlets in six major cities: Tbilisi, Kutaisi, Batumi, Gori, Telavi and Zugdidi. In May, the fieldwork was carried out in compliance with the standard dates.

In order to avoid the risks associated with the spread of coronavirus in the country Geostat has shifted to alternative methods of data collection. In particular, during price registration the personal visits by interviewers to outlets were minimized and online and telephone surveys were used instead. In addition, other modern methods of data collection are actively introduced, such as scanner data and data collection from websites using automated systems (web scraping).