Average inflation measured by CPI rose 8.26% to 5.25% in Georgia in 2020, according to the National Statistical Office.
Historically, average inflation measured by CPI in Georgia reached an all time high of 163% in 1995 and an all time low of -0.944% in 2012. When compared to Georgia's main peers, average inflation measured by CPI in Armenia amounted to 0.913%, 3.00% in Azerbaijan, 3.22% in Russia and 11.9% in Turkey in 2020.
Georgia has been ranked 42nd within the group of 172 countries we follow in terms of average inflation measured by CPI, 6 places below the position seen 10 years ago.
Inflation, CPI (Average) | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
Armenia | % | 7.20% | 8.54% | 7.00% | 5.02% | 4.49% | ||||||||||||||||
Azerbaijan | % | 6.66% | 12.2% | 10.8% | 8.00% | 6.00% | ||||||||||||||||
Bulgaria | % | 2.84% | 12.4% | 5.24% | 2.19% | 2.00% | ||||||||||||||||
China | % | 0.853% | 2.17% | 2.24% | 1.86% | 2.00% | ||||||||||||||||
Georgia | % | 9.57% | 11.6% | 5.96% | 2.97% | 3.02% | ||||||||||||||||
Germany | % | 3.21% | 8.46% | 7.19% | 3.53% | 2.56% | ||||||||||||||||
Greece | % | 0.574% | 9.17% | 3.20% | 1.62% | 1.78% | ||||||||||||||||
Iran | % | 40.1% | 40.0% | 40.0% | 30.0% | 25.0% | ||||||||||||||||
Iraq | % | 6.04% | 6.47% | 4.52% | 2.97% | 2.15% | ||||||||||||||||
Japan | % | -0.235% | 1.99% | 1.39% | 1.04% | 0.996% | ||||||||||||||||
Russia | % | 6.69% | 13.8% | 5.04% | 4.00% | 4.00% | ||||||||||||||||
Turkey | % | 19.6% | 73.1% | 51.2% | 24.2% | 17.2% | ||||||||||||||||
USA | % | 4.69% | 8.05% | 3.51% | 2.23% | 2.04% |