**Georgia’s Inflation Rate Rises to 3.5% in May**
Georgians paid a bit more for groceries and other essential items last month, according to the country’s statistics service, Geostat. The annual inflation rate in May was 3.5%, with prices rising by 0.4% compared to April.
This means that people in Georgia are paying around 3.5% more for things like food, housing, and transportation than they were at this time last year. This trend is expected to continue as the country’s economy grows.
**Prices Rise for Food and Health Care**
The main drivers of inflation were increases in prices for health care (9%), food and non-alcoholic beverages (8.3%), miscellaneous goods and services (5.9%), and transport (4.5% decrease). People are paying more for things like vegetables, fruit, and meat.
In contrast, prices fell for milk, cheese, eggs, coffee, tea, and cocoa. This could be a sign that the demand for these items is decreasing or that they’re becoming less expensive to produce.
**What’s Behind the Inflation?**
Experts say that global factors are playing a role in Georgia’s inflation rate. With the economy growing, people have more money to spend on things like food and housing, which drives up prices. Additionally, the COVID-19 pandemic has caused supply chain disruptions and increased costs for some goods.
**What Does This Mean for Georgians?**
As the country’s inflation rate continues to rise, people may see their purchasing power decrease. This means that the money in their pockets may not go as far as it used to. However, it’s worth noting that a 3.5% inflation rate is still relatively low compared to other countries.
**Stay Informed**
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