Economy, News

Price drop for Georgian consumers

by | Mar 5, 2013

TBILISI, DFWatch–The level of inflation did not significantly change in February, 2013, compared to the preceding month.

According to Georgian National Statistics Department, GeoStat, the national currency is up by 0.3 percent.

Price changes in the following categories of goods had an influence on the inflation indicator: food and non-alcoholic beverages (0.6 percent), milk, cheese and egg (4.4 percent), sugar and sweets (1.9 percent), vegetables (1.6 percent), clothes and shoes (2.8 percent), prices have also increased for fruits and grapes (4.8 percent).

The indicator for inflation in February is 2.1 percent compared to February, 2012, which means that the national currency is up by 2.1 percent compared to February, 2012.


According to data for the last 12 months, prices have been slightly reduced for food and non-alcoholic beverages. There are reduced prices for electricity, natural gas and other heating (8.9 percent), services related to living (7.9 percent), home maintenance and repair (1.8 percent), leisure and culture group (3 percent).

Prices began to fall in 2013. Reduced prices was one of the campaign promises Bidzina Ivanishvili made last year as he competed against President Saakashvili in the parliamentary election.

Saakashvili and his party have criticized Ivanishvili for not fulfilling his promises and said that the Georgian economy is in crisis.



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