Georgia’s annual inflation reaches 5.9% in October, statistics office says
Consumer prices rose 0.9% from September, with clothing and footwear recording the sharpest monthly increase.
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Consumer prices rose 0.9% from September, with clothing and footwear recording the sharpest monthly increase.
Consumer prices in Georgia were 5.9% higher in October 2026 than a year earlier, the National Statistics Office, known as Geostat, said in figures released on 3 November. Consumer prices rose 0.9% from September. Housing and utility costs were the main driver of the annual increase.
The annual rate was 2.9 percentage points above the National Bank of Georgia’s 3% inflation target. In October, the bank raised its forecast for inflation in 2026 to 5.4%; that forecast is separate from the observed annual rate for October.
Prices for housing, water, electricity, gas and other fuels rose 10.1% from a year earlier, while health prices increased 8.4%. Education and communication were among the categories that became cheaper.
| Category | Change from a year earlier |
|---|---|
| Education | −12% |
| Communication | −2.5% |
| Fish | +20.2% |
| Meat | +7.6% |
| Fruit and grapes | −4.5% |
Fish had the largest annual increase among the food and non-alcoholic drink items listed by Geostat. Fruit and grapes moved in the opposite direction.
The monthly figures show a different pattern from the annual changes. Clothing and footwear prices rose 10.6% from September, the sharpest monthly category increase, while transport prices rose 2.6%.
The European Commission forecasts that inflation will remain elevated in 2026 because of high energy prices. Credit rating agency Fitch Ratings expects it to stay high in the coming months and then decline gradually toward the central bank’s target, Civil.ge said.
The state-owned oil company’s profit rose by more than a third from a year earlier as higher oil prices offset disruption caused by the war involving Iran.
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