Photo: Mehrad Vosoughi via Unsplash Photo: Mehrad Voisoughi via Unsplash
The National Statistics Office (Geostat), which reported on November 4, stated that Georgia’s annual rate of inflation remained low, at 0.3% in the month of October 2024. The National Statistics Office (Geostat) reported on November 4 that the annual inflation rate in Georgia was 0.3%. This was due to price changes in restaurants, hotels, and miscellaneous products and services (5.8%), education (5%), alcoholic beverages, and tobacco (3.3%), and communication (12.7%). Source: GeostatThe monthly rate of inflation was primarily driven by changes in the prices of clothing and footwear (6.7%), food and non-alcoholic drinks (0.4% increase), as well as transport (1.4% decline). In the food and non-alcoholic beverage subgroups, prices fell this month for: milk, cheese, and eggs (2.3%); oil and fats (1.6%); jam, honey and chocolate (1.4%); cereals, bread, and cereals (0.5%); and vegetables (0.6%); mineral waters, soft drinks and fruit and vegetable juices (0.4%). Similarly, prices for fish (-2.1%), meat (-0.3%) and fruit and grapes (-5.3%) decreased. Also Read:
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