TBILISI, DFWatch–11 new products including a guitar have been added to Georgia’s consumer basket, and four products were removed from the list.
The consumer basket is a theoretical collection of items used to define the consumer price index or inflation rate
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
TBILISI, DFWatch – Georgia’s GDP grew 1.3 percent in second quarter of 2012, compared to the first quarter and is now at 8.1 percent, according to official statistics.
Georgia’s National Statistics Department points out that these are preliminary figures,
In 2011 inflation can be regarded as one of the major challenges for the Georgian economy, writes Irina Guruli, program coordinator at the Economic Policy Research Center.
Even though Georgia has been successful in suppressing the inflationary pressure
TBILISI, DFWatch – Georgia’s Prime Minister Nika Gilauri claims that inflation indicator in May is positive and hopes that it will have positive influence on the country’s economy.
Gilauri said this at a government session on Wednesday.
He noted that prices have
TBILISI, DFWatch – The inflation rate fell to minus 2.1% in February, as an estimate for year as a whole.
This the first deflation since August 2009. The drop is mainly due to falling prices of food and non-alcoholic beverages.
According to figures released March 2 by
TBILISI, DFWatch – Used cars has become Georgia’s most important export article, accounting for 21% of all exports in 2011. Second and third are ferroalloys and fertilizers. The country’s exports rose by 40% in 2011, compared to the previous year. Georgia ended the year 2011 with an average inflation level of 8.5. In 2010 and 2009 … Read more