Tbilisi (GBC) - In November 2024, the Consumer Price Index increased by 0.7 percent compared to the previous month, while the annual inflation rate amounted to 1.3 percent, the National Statistics Service (GeoStat) reported.

With regard to the annual core inflation, the prices increased by 1.6 percent, while the annual core inflation without tobacco also amounted to 1.6 percent.

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

Food and non-alcoholic beverages: the prices for the group increased by 2.2 percent, contributing 0.74 percentage points to the overall monthly inflation rate. The prices increased for the following subgroups: vegetables (17.9 percent), sugar, jam, honey, chocolate and confectionery (3.4 percent), oils and fats (3.3 percent), fish (2.6 percent), mineral waters, soft drinks, fruit and vegetable juices (1.9 percent), milk, cheese and eggs (1.0 percent), bread and cereals (0.7 percent). At the same time, prices decreased for the following subgroups: fruit and grapes (-3.6 percent), coffee, tea and cocoa (-1.2 percent), meat (-0.4 percent);

Health: the prices increased by 0.9 percent, contributing 0.09 percentage points to the overall index. The prices were higher for the following subgroups: medical products, appliances and equipment (1.4 percent), out-patient services (0.3 percent);

Transport: the prices for the group decreased by 1.5 percent, contributing -0.17 percentage points to the overall index. Within the group the prices decreased for transport services (-2.5 percent) and operation of personal transport equipment (-1.5 percent).

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

Food and non-alcoholic beverages: the prices for the group increased by 2.2 percent, contributing 0.74 percentage points to the overall monthly inflation rate. The prices increased for the following subgroups: vegetables (17.9 percent), sugar, jam, honey, chocolate and confectionery (3.4 percent), oils and fats (3.3 percent), fish (2.6 percent), mineral waters, soft drinks, fruit and vegetable juices (1.9 percent), milk, cheese and eggs (1.0 percent), bread and cereals (0.7 percent).

At the same time, prices decreased for the following subgroups: fruit and grapes (-3.6 percent), coffee, tea and cocoa (-1.2 percent), meat (-0.4 percent); Health: the prices increased by 0.9 percent, contributing 0.09 percentage points to the overall index.

The prices were higher for the following subgroups: medical products, appliances and equipment (1.4 percent), out-patient services (0.3 percent);

Transport: the prices for the group decreased by 1.5 percent, contributing -0.17 percentage points to the overall index. Within the group the prices decreased for transport services (-2.5 percent) and operation of personal transport equipment (-1.5 percent).

Alcoholic beverages and tobacco: the prices increased by 5.1 percent, with the relevant contribution of 0.34 percentage points to the overall annual inflation rate. The prices increased for both alcoholic beverages (7.5 percent) and tobacco (2.1 percent);

Communication: the prices decreased by 12.9 percent, contributing -0.48 percentage points to the overall index; Housing, water, electricity, gas and other fuels: the prices for the group decreased by 3.7 percent, contributing -0.32 percentage points to the overall index.

The prices were lower for the subgroups of electricity, gas and other fuels (-5.2 percent) and actual rentals for housing (-2.7 percent). At the same time, the prices increased for maintenance and repair of the dwelling (5.8 percent).