The Long, Hot Summer: Why Did We Witness a Spike in Forest Fires and What Can Be Done About It – Part I
According to data from the last two weeks of April, retail food prices are down 4.6% y/y (compared to April 2015) and 0.6% m/m (compared to March 2016). During these two weeks, we have seen the biggest drops in the prices of eggplants (21.4%), buckwheat (9.4%) and tomato (9.0%). Only one (!) product increased in price during this period: greens (up 3.8%).
Georgian Consumers Will Celebrate All the Way to the Easter Table
Traditional Georgian households have been fasting the last few weeks, which implied reduced consumption of sugar, eggs, dairy products, fish, and meat. Lower demand may have been a factor in keeping food prices at bay, however, the downward trend in prices started more than a month before the Great Lent, in February 2016. This trend has little to do with Georgian religious traditions. Rather, it is best explained by the resetting of Georgia’s economic relations with Iran, on the one hand, and its role as a temporary buffer for Russia-banned Turkish products, on the other.