In July 2014 the inflation rate in Georgia amounted to 2.8% compared with July 2013.
Annual inflation rate was based on changes in prices of the following groups of goods and services in the consumer basket:
Food and non-alcoholic beverages prices rose by 3.4% on average which had an impact of 1.11 percentage points on the inflation rate.
Prices of vegetables, melons and gourds (10.7%) and fish (4.4%) increased significantly. The pricesdecreased for oils and fats (-4.9%) and bread and cereals (-1.2%);
Health care prices increased by 4.7%. Consequently, the group’s share in the annual inflation rate was 0.53 percentage points. Prices increased mostly in the following subgroups: medical products, machinery and equipment (7.6%) and hospital services (4.9%);
Transport prices increased by 3.6%. In addition, the group’s share in the annual inflation rate amounted to 0.43 percentage points. The increase in prices was mainly due to increase in prices of personalmeans of transportation (4.8%).
At the same time, prices have also increased in the following groups: Alcoholic beverages and tobacco products – by 7.1%, housing, water, electricity, gas – by 3.5%, in hotels, cafes and restaurants – 2.6%, furniture, household equipment and maintenance – 1.9%, education – 0.8%, recreation andculture – 0.3%.
However, prices have decreased for alcoholic beverages and tobacco products – by 7.1%, and communications services – by 0.8%.