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Annual Inflation Rate Amounted to 3.1% in August

In August of 2018, the inflation rate in Georgia amounted to 0.5% and the annual inflation rate was 3,1%. Most of the prices are grown for vegetables and potatoes. Changing the price of the monthly inflation rate has been a major influence on the following groups: Food and non-alcoholic beverages: …

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Year of Economic Recovery – Key Economic Events in 2017

Georgian economy

After 2-year low economic growth, in 2017 Georgia’s GDP growth pace exceeded the planned indicator. It should be noted that in 2015-2016, along with currency crisis, economic growth in our country was under 3%. To be precise, GDP upturn in 2015 marked 2.9%, while the figure hit 2.8% in 2016. …

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The Annual Inflation Rate Amounts 6,9%

In November, the inflation rate in Georgia amounted to 1.1 percent and the annual inflation rate is 6,9 percent. According to the statistics, the change in prices in the given period has been a major influence on the following groups: Transport: Prices in the group grew by 2.8 percent, which …

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Products Rising in Price

In October the inflation level rose by 0.8% month on month, while annual inflation rate marked 6.4%. According to Geostat, national statistics service of Georgia, the inflation indicator was shaped by changed prices in the following product groups: food products and soft drinks: the group prices rose by 1.6% and …

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Annual Inflation Rate in Georgia Reached 6.4%

The inflation rate in Georgia in October was 0.8 percent compared to the previous month, while the annual inflation rate was 6.4 percent. According to the statistical data, the price change in the given period was significantly affected by the change in prices for the following groups: Food and non-alcoholic …

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Annual Inflation Declined to 6% in July

Annual Inflation Declined to 6% in July

The consumer basket has cheapened in Georgia. Geostat, national statistics service of Georgia, noted that deflation constituted 0.9%. The figure has made influence on consumer basket and the inflation dropped to 6%. The contraction marked 1.1% month on month. In the reporting period prices for food and non-alcoholic beverages decreased 2.6 percent …

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ADB Raises 2017 Growth Forecast for Developing Asia to 5.9%

The Asian Development Bank raises Developing Asia’s 2017 growth forecast to 5.9% from 5.7% in its latest Outlook supplement. Inflation forecast cut to 2.6% from 3%. China 2017 GDP forecast raised to 6.7% from 6.5%; 2018 at 6.4% Inflation cut to 2% from 2.4%; 2018 at 2.6% India 2017 GDP forecast …

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