25 June 2021,   07:24
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Prices of oil, fish, fruits and sugar - annual inflation rate in Georgia to be 7.2% in April

In April 2021 the Consumer Price Index increased by 0.9% compared to the previous month, while the annual inflation rate amounted to 7.2%. Georgia’s National Statistics Office reported.

The monthly inflation rate was mainly influenced by price changes for the following groups:

Transport: the prices increased by 3.0%, contributing 0.39% to the overall monthly inflation rate. Within the group the prices increased for operation of personal transport equipment (4.2%);
Clothing and footwear: the prices for the group posted a 4.9% increase, with the relevant contribution of 0.16% to the monthly inflation rate. Within the groups the prices were higher for both footwear (9.9%) and clothing (1.9%);
Furnishings, household equipment and maintenance: the prices increased by 2.1%, contributing 0.11% to the overall monthly inflation rate. The prices were higher for the following subgroups: household appliances (4.2%), tools and equipment for house and garden (3.2%), furniture and furnishings, carpets and other floor coverings (1.6%);
Food and non-alcoholic beverages: the prices in the group increased by 0.3%, contributing 0.1% to the overall monthly inflation rate. The prices were higher for the following subgroups: fruit and grapes (5.3%), oils and fats (4.2%), fish (3.6%), sugar, jam, honey, chocolate and confectionery (2.4%), meat (1.9%), mineral waters, soft drinks, fruit and vegetable juices (1.1%). At the same time, the prices were lower for vegetables (-5.4%).

The annual inflation rate was mainly influenced by price changes for the following groups:

Transport: the prices increased by 12.4%, contributing 1.53% to the annual inflation rate. Within the group the prices increased for operation of personal transport equipment (17.8%) and transport services (1.9%);
Housing, water, electricity, gas and other fuels: the prices for the group posted a 7.1% increase, which contributed 1.14% to the annual inflation rate. The prices were higher for the following subgroups: electricity, gas and other fuels (8.1%), maintenance and repair of the dwelling (7.0%) and water supply and miscellaneous services relating to the dwelling (4.5%);
Health: the prices went up by 13.8%, contributing 1.04% to the overall annual inflation rate. The prices increased for medical products, appliances and equipment (21.4%) and out-patient services (12.1%);
Food and non-alcoholic beverages: the prices in the group increased by 3.0%, contributing 0.94% to the overall annual inflation rate. Within the group the prices increased for the following subgroups: oils and fats (40.2%), sugar, jam, honey, chocolate and confectionery (12.3%), coffee, tea and cocoa (10.1%), fish (9.4%), bread and cereals (6.4%), mineral waters, soft drinks, fruit and vegetable juices (6.1%), milk, cheese and eggs (6.1%), meat (4.6%). Along with this, the prices decreased for vegetables (-22.2%) and fruit and grapes (-18.2%);
Restaurants and hotels: the prices were 15.0% higher, with a relevant contribution of 0.73% to the overall annual inflation rate. The prices increased for the subgroup of catering services (16.3%).

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