**Georgia’s Inflation Rate Slows Down in July**
According to the National Statistics Office (Geostat), Georgia’s annual inflation rate has slowed down to 4.3% in July, compared to a decrease of 0.2% in consumer prices compared to the previous month.
The main drivers behind this slowdown were the price changes in food and non-alcoholic beverages, which increased by 10.4%, health services, up by 9.5%, and transport, down by 3.8%. On the other hand, clothing and footwear prices decreased by 4.1%, while food and non-alcoholic beverages prices dropped by 0.4%.
In terms of specific subgroups within food and non-alcoholic beverages, the prices increased for vegetables (25.5%), oils and fats (17%), coffee, tea and cocoa (13.6%), fish (9.9%), mineral waters, soft drinks, fruit and vegetable juices (9.4%), bread and cereals (8.7%), sugar, jam, honey, chocolate and confectionery (7.7%), and meat (4.5%).
**What does this mean for Georgians?**
The slowing down of inflation could be a positive sign for consumers, as it means that prices are not increasing at the same rate as they were in previous months. However, it’s essential to note that some categories, such as food and non-alcoholic beverages, still show significant price increases.
**Long-term trends**
It’s also worth noting that inflation has been relatively stable over the past few months, with a slight decrease from 4.0% in June to 3.5% in May and March of this year. This could indicate a more stable economic environment, but it’s too early to say for sure.
**More information**
For those interested in learning more about Georgia’s inflation rate over time, I recommend checking out the links below:
* [Read More](https://civil.ge/archives/695574) @ civil.ge
