Inflation Georgia 2024
Average inflation: 12.8%
Current Inflation
Inflation is very high at 12.8%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 16.7%. The lowest inflation was in July at 9.7%.
- Highest month
- February: 16.7%
- Lowest month
- July: 9.7%
- Difference
- 7.0 percentage points
- Months with data
- 7 of 12
Category Insights
The highest price increase was in Food with an average of -1.0%. The lowest price increase was in Energy with an average of -2.0%.
- Highest increase
- Food: -1.0%
- Lowest increase
- Energy: -2.0%
Historical Context
Current inflation is 1.9% higher than the 5-year average of 10.9%.
- 5-year average
- 10.9%
- 10-year average
- 9%
- All-time high (2023)
- 16.9%
- All-time low (2006)
- 2.1%
Trend
Inflation shows an upward trend. Compared to 2023, inflation has risen by -4.1 percentage point.
- Change vs. previous year
- -4.1 percentage points
- Largest monthly swing
- July: -8.7 percentage points
ECB Target
Inflation is 10.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €112.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 16.2% | +3.1 |
| February | 16.7% | +3.1 |
| March | 14.9% | +0.1 |
| April | 11.0% | -6.4 |
| May | 11.0% | -6.2 |
| June | 10.4% | -7.4 |
| July | 9.7% | -8.7 |
| Average | 12.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.