In Georgia, the annual inflation rate slowed to 5.7% in May 2026, down from 5.9% in the previous month, reflecting a moderation in price growth.
The deceleration was mainly driven by a relatively lower increase in food prices. At the same time, a significant rise in fuel prices was recorded – gasoline increased by 26.3% year-on-year, while diesel rose by 48.0% year-on-year. This factor contributed approximately 1.3 percentage points to the overall inflation rate in May.
By category of goods and services, the main contributions to annual inflation were observed in food and non-alcoholic beverages (+5.2% y/y, +1.84 ppts), transport (+15.1% y/y, +1.72 ppts), utilities (+7.0% y/y, +0.66 ppts), alcoholic beverages & tobacco (+7.2% y/y, +0.46 ppts), healthcare (+5.1% y/y, +0.43 ppts), and hotels & restaurants (+7.6% y/y, +0.24 ppts).
Meanwhile, price declines were recorded in communication (-6.4% y/y, -0.20 ppts) and furnishings, household equipment & maintenance (-1.3% y/y, -0.07 ppts).
National Bank of Georgia Raises 2026 Economic Growth and Inflation Forecasts
