Georgia’s CPI up 3.1% in August

Georgia’s CPI up 3.1% in August
Georgia Consumer Price Index inflation up by 3.1% y/y in August / bne IntelliNews
By bne IntelliNews September 3, 2018

The Consumer Price Index (CPI) in Georgia increased by 3.1% y/y in August, while edging up by 0.5% compared to July, statistics office Geostat said on September 3. 

Transport prices had the biggest impact on the annual risen the CPI, increasing by 7.8% to add 1.04 percentage points (pp) to the overall growth of the index. 

In the important category of food and non-alcoholic beverages prices rose by a more modest 3.2%, which sent the overall index up by 0.96pp. The steepest increase was in the price of vegetables (up 24.7%), while there were smaller increases in prices of oils and fats (4.4%), meat (4.3%), fish (3.3%) and milk, cheese and eggs (2.0%).

Clothing and footwear prices dropped by 8.8% in annual terms, dragging the overall index down by 0.33pp. The only other decline was recorded for communication prices, which dropped 1.3%. 

The main contributor to the monthly price increase was food and non-alcoholic beverages which were up 1.5%, contributing 0.44pp. No other sector made a contribution of more than 0.02pp. 

Again, clothing and footwear prices were down, dropping by 1.1% on the month to bring the overall index down by 0.04pp.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Content

Hungarian rate-setters slow pace of rate cuts to 50bp at April meeting

Slovak unemployment inched further down to 3.88% in March

Poland’s industrial production disappoints in March as output declines 6% y/y

Data

Slovak unemployment inched further down to 3.88% in March

There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.

Poland’s industrial production disappoints in March as output declines 6% y/y

Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.

Ford drives hike in car production in Romania

Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.

Akbank launches spring syndicated loan renewals season for Turkish banks at better costs

Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.

Ukraine's birth rate plummets to 300-year low as country’s population collapses

Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.

Slovak unemployment inched further down to 3.88% in March
20 hours ago
Poland’s industrial production disappoints in March as output declines 6% y/y
20 hours ago
Ford drives hike in car production in Romania
6 days ago
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
7 days ago
Ukraine's birth rate plummets to 300-year low as country’s population collapses
7 days ago

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  4. Don't mention the "D" word - Ukraine
    4 days ago
  5. UBN: The US Needs to Wake Up
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. Saudi Arabia to scale back plans for Neom city
    14 days ago

Reports

Dismiss