Georgia Inflation Rate 1995-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Georgia inflation rate for 2023 was 2.49%, a 9.41% decline from 2022.
  • Georgia inflation rate for 2022 was 11.90%, a 2.33% increase from 2021.
  • Georgia inflation rate for 2021 was 9.57%, a 4.36% increase from 2020.
  • Georgia inflation rate for 2020 was 5.20%, a 0.35% increase from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Ghana 38.11%
Egypt 33.88%
Lao PDR 31.23%
Pakistan 30.77%
Nigeria 24.66%
Sao Tome and Principe 21.26%
Sri Lanka 16.54%
Angola 13.64%
Moldova 13.42%
Ukraine 12.85%
Zambia 10.88%
Kyrgyz Republic 10.75%
Mongolia 10.35%
Bangladesh 9.88%
Tunisia 9.33%
Nicaragua 8.39%
Kenya 7.67%
Cameroon 7.38%
Honduras 6.66%
Lesotho 6.34%
Morocco 6.09%
Philippines 5.98%
Solomon Islands 5.89%
West Bank and Gaza 5.87%
India 5.65%
Mauritania 4.95%
Kosovo 4.94%
Republic of Congo 4.30%
Bhutan 4.23%
El Salvador 4.05%
Indonesia 3.67%
Vietnam 3.25%
Bolivia 2.58%
Georgia 2.49%
Papua New Guinea 2.30%
Cambodia 2.13%
Djibouti 1.50%
Georgia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 2.49% -9.41%
2022 11.90% 2.33%
2021 9.57% 4.36%
2020 5.20% 0.35%
2019 4.85% 2.24%
2018 2.62% -3.42%
2017 6.04% 3.90%
2016 2.13% -1.87%
2015 4.00% 0.93%
2014 3.07% 3.58%
2013 -0.51% 0.43%
2012 -0.94% -9.49%
2011 8.54% 1.43%
2010 7.11% 5.38%
2009 1.73% -8.27%
2008 10.00% 0.75%
2007 9.24% 0.08%
2006 9.16% 0.91%
2005 8.25% 2.59%
2004 5.66% 4.82%
2003 0.84% -4.75%
2002 5.59% 0.94%
2001 4.65% 0.58%
2000 4.06% -15.13%
1999 19.19% 15.63%
1998 3.57% -3.52%
1997 7.09% -32.27%
1996 39.36% -123.36%
1995 162.72% -123.36%