Inflation, CPI (Average) fell 0.363% to 2.75% in Georgia in 2019

Inflation, CPI (Average) (%), 2019
Economy | Georgia | June 1, 2020
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Average inflation measured by CPI fell 0.363% to 2.75% in Georgia in 2019, according to the National Statistical Office.

Historically, average inflation measured by CPI in Georgia reached an all time high of 2.76% in 2018 and an all time low of -0.009% in 2012. When compared to Georgia's main peers, average inflation measured by CPI in Armenia amounted to 4.45%, 3.25% in Azerbaijan, 5.09% in Russia and 16.7% in Turkey in 2019.

Georgia has been ranked 94th within the group of 172 countries we follow in terms of average inflation measured by CPI, 21 places above the position seen 10 years ago.

Inflation, CPI (Average) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Armenia % 0.010% 3.03% 4.45% 3.85% 3.94%
Azerbaijan % 0.129% 3.50% 3.25% 3.00% 3.00%
Bulgaria % 0.021% 2.62% 2.30% 2.30% 2.30%
China % 0.016% 2.19% 2.38% 2.65% 2.80%
Georgia % 0.060% 2.76% 2.75% 3.00% 3.00%
Germany % 0.015% 1.81% 1.78% 2.08% 2.29%
Greece % 0.011% 0.714% 1.20% 1.51% 1.74%
Iran % 0.100% 29.6% 34.1% 24.2% 17.5%
Iraq % 0.002% 2.00% 2.00% 2.00% 2.00%
Japan % 0.005% 1.20% 1.32% 1.66% 1.05%
Russia % 0.037% 2.83% 5.09% 4.80% 4.80%
Turkey % 0.111% 15.0% 16.7% 14.2% 13.4%
USA % 0.021% 2.40% 2.15% 2.30% 2.19%