Georgian Inflation Reaches 5.9% in April, Highest in Two Years
Annual inflation in Georgia has surged to 5.9% in April, marking the highest level in two years, according to data from Geostat. The monthly price increase was 1.7%, driven primarily by a 10.3% rise in transport costs, which contributed 1.2 percentage points to the overall inflation rate. This increase is largely attributed to higher expenses for operating personal vehicles and transport services, linked to rising fuel prices. Additionally, food prices have risen by 7.5% year-on-year, contributing 2.58 percentage points to inflation, with significant increases in the prices of fish, fruits, meat, and vegetables. Housing and utility costs also saw a 6.5% rise, adding 0.62 percentage points to the index, due to higher tariffs for electricity, gas, and heating.