Inflation eases to 5.5% while housing and utility costs accelerate

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Annual inflation eased to 5.5% in July from 5.8% in June, a decline of 0.3 percentage points that leaves the headline rate close to its May level of 5.7%. The components, however, moved in opposite directions.

Food and non-alcoholic beverage inflation slowed to 4.9% from 5.6% in June, extending a run below the headline rate that also held in May, when it was 5.2%. Housing and utilities inflation went the other way, rising to 8.3% from 7.2% — a second consecutive monthly increase from 7.0% in May. Transport inflation slowed to 14.2% from 16.5%, but remains far above the overall rate.

The composition matters more here than the headline move. Price pressure is shifting away from the food basket, which households watch most closely, toward utilities and transport, where costs feed into almost every business's cost base rather than only into consumer sentiment.

ინფლაცია ეკონომიკა Georgia

Figures in this post

Every number below was checked against the source before publication.

• CPI_FOOD_YOY_M Annual inflation, food and non-alcoholic beverages National Statistics Office of Georgia (Geostat)
• CPI_HOUSING_YOY_M Annual inflation, housing and utilities National Statistics Office of Georgia (Geostat)
• CPI_TRANSPORT_YOY_M Annual inflation, transport National Statistics Office of Georgia (Geostat)
• CPI_YOY_M Annual inflation National Statistics Office of Georgia (Geostat)