In 2022, the National Statistics Office of Georgia (Geostat) introduced the publication of a new indicator, the Harmonized Index of Consumer Prices (HICP).

According to Geostat, the inflation rate for December 2024, calculated using the HICP methodology, was 2.4%. This figure is 0.5 percentage points higher than the 1.9% inflation rate determined using the national methodology.

The HICP methodology also provides a breakdown of percentage changes for individual components compared to the same period in 2023, as follows:

• Food and non-alcoholic beverages: 3.1%
• Alcoholic beverages and tobacco: 6.1%
• Clothing and footwear: -1.8%
• Housing, water, electricity, gas, and other fuels: -2.8%
• Furniture, household items, and home maintenance/repair: 1.5%
• Healthcare: 4.4%
• Transport: -1.4%
• Communication: -12.3%
• Recreation, entertainment, and culture: 2.3%
• Education: 5.4%
• Hotels, cafes, and restaurants: 8.7%
• Miscellaneous goods and services: 6.1%.

This comprehensive breakdown highlights the varying impacts of inflation across different sectors of the economy.