TBILISI, January 21 – Georgian Prime Minister Irakli Kobakhidze met with 15 representatives of major supermarket chains on Wednesday, putting rising grocery prices at the center of a growing government crackdown on retail markups. Speaking after the meeting, Kobakhidze said everyday food items in Georgia cost significantly more than in parts of Europe. He pointed … Read more
TBILISI, December 11 – A new global ranking of supermarket egg prices has put Georgia near the middle of the table but still at the top among its immediate neighbors. The data, published by the price-comparison platform Numbeo and reported by BPN, shows how much the cost of a standard 12-egg carton varies across 101 … Read more
TBILISI, August 19 – Inflation in Georgia reached 4.3% in July compared with a year earlier, the highest since mid-2023, with food prices by far the biggest driver. According to the National Bank, food costs rose 10.3% year-on-year, accounting for 3.2 percentage points of the overall inflation rate. Bread, potatoes, sunflower oil, and the country’s … Read more
TBILISI, August 6 – The International Monetary Fund expects Georgia’s economy to grow by 6% in 2025. However, many fear that inflation, particularly in food, may take away much of the potential benefit for the wider population. Inflation in Georgia rose to 4.3% year-on-year in July, the highest level recorded since May 2023, driven primarily … Read more