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Geostat reports 4.7% inflation in July using EU methodology

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Since 2022, Georgia’s National Statistics Service, Geostat, has been publishing a new indicator, the Harmonised Index of Consumer Prices (HICP).

According to Geostat, when applying this methodology, inflation in August 2025 reached 4.7%, slightly exceeding the 4.6% figure calculated using the national method by 0.1 percentage points.

Breaking down the components, the year-on-year percentage changes according to the EU HICP methodology are as follows: food and non-alcoholic beverages increased by 9.1%, alcoholic beverages and tobacco by 4.6%, while clothing and footwear saw a decrease of 2.6%.

Housing, water, electricity, gas, and other heating sources rose by 0.9%, whereas furniture, household goods, decoration, and home maintenance decreased by 1.0%.

Healthcare experienced a significant increase of 9.4%, with transport decreasing by 2.3%. Communication remained relatively stable with a 0.1% rise, recreation, entertainment, and culture grew by 1.7%, and education increased by 4.9%. Hotels, cafes, and restaurants saw a notable 6.6% rise, while miscellaneous goods and services increased by 6.3%.

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image Georgia to host first international Tbilisi Finance Summit as part of Tbilisi Silk Road Forum

19.09.2025.17:00

Within the framework of the Tbilisi Silk Road Forum, Georgia will host its inaugural international event, the Tbilisi Finance Summit, this year, reports the National Bank of Georgia (NBG).

Organised jointly by the National Bank, the Ministry of Economy and Sustainable Development, and the Singapore-based Global Finance and Technology Network (GFTN), the summit will feature leaders from the fintech and financial sectors, representatives of major companies, and experts invited from around the world.

Scheduled for October 22-23, the two-day event will include a series of sessions and panel discussions.

The summit’s primary focus will be on the future of financial technologies, the development of the region’s innovative infrastructure, and the Middle Corridor as a key hub for global trade and digital finance. Bilateral business meetings among participating companies from various sectors are also planned.

The Tbilisi Finance Summit is part of GFTN’s series of events, with Georgia chosen as its host. This positions Georgia within the network’s strategic goal to establish the country as the main link in the Middle Corridor connecting Europe and Asia. Originating in Singapore, GFTN has a proven track record of success across Asia and Europe, and this summit signifies Georgia’s pivotal role in its development, the National Bank stated.

The NBG also clarified that pre-registration is mandatory for all participants and media representatives wishing to attend the summit.

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