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Citizens Will be Able to Calculate Inflation According to the Personal Expenses

Citizens Will be Able to Calculate Inflation According to the Personal Expenses

What is the rate of inflation for each citizen has become easy to identify.

Sakstat has presented new product – the personal inflation calculator, which enables citizens to calculate inflation according to the personal expenses. According to Sakstat, program of the personal inflation calculator has been introduced in Georgia, after the world’s leading countries (e.g. US, Austria, the Netherlands, etc.).

It should be noted that counted result of the personal inflation may substantially differ from the official rate of inflation, because inflation measures general price index in the country, while the personal inflation is calculated for a particular priority by price change of goods. Personal Inflation Calculator is published at the web-site of Sakstat and it is available to any customer – geostat.ge.