
Georgia Reports -0.5% Inflation in July

On August 10, the National Statistics Office of Georgia stated that according to figures collected using a recently accepted methodology of the European Union's harmonized indices of consumer prices, the monthly rate of inflation in Georgia for July was -0.5%.
The agency said the figure shows lower inflation combined with the domestic consumer price index method, which measures it at 0.3 percent. The annual inflation figure in the HICP methodology was mainly influenced by price changes for food and non-alcoholic beverages (-0.2%), alcoholic beverages and tobacco (6.4%), clothing and footwear (0.8%), housing, water, electricity, gas, and other fuels (3.5%), furnishings, household equipment, and routine maintenance of the house (1.4%), healthcare (-7.3%), transport (-13.1%), communication (-2.7%), recreation and culture (1.0%), education (7%), restaurants and hotels (6.1%), miscellaneous goods and services (9.9%).
The data appears to have been influenced by price changes for transportation (+12.1%), other goods and services (+11.1%), alcoholic beverages and tobacco (+6.3%), housing, water, electricity, gas, and other fuels (+4.9%), and health (-6.9%), according to the annual inflation rate calculated using the consumer price index method.
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