Indexes
Retail food prices increased by 3.4% on an annual basis (that is, compared to May 2016), but decreased by 1.2% on a monthly basis (that is, compared to April 2017). The biggest price increase was for cabbage, potatoes, and peaches (76.5%, 30.2%, and 17.5%, respectively).
By the end of April, food prices increased by 4.0% on an annual basis (that is, compared to April 2016) but decreased by 0.9% on a monthly basis (that is, compared to March 2017). During the last two weeks of April, onions, potatoes, and tomatoes showed the biggest increase in prices by 23.2%, 13.5%, and 10.1%, respectively.
By the end of March, food prices increased by 4.4% y/y (that is, compared to March 2016) and by 1.6% m/m (that is, compared to February 2017). On a biweekly basis, the biggest price increases happened for coriander (40.3%), cucumber (30.0%), and eggplant (14.9%). Carrots, onions, and tomatoes, on the contrary, became cheaper and cost 22.1%, 24.4%, and 15.0% less, respectively.
Retail food prices in Tbilisi supermarkets increased by 1.4% m/m (that is, compared to the middle of February) and 3.8% y/y (that is, compared to March of 2016). On a biweekly basis, the biggest price increases happened for eggplants, onions, and rice (price increased by 34.3%, 21.7%, and 19.2%, respectively).
According to the Retail FPI, by the end of February food prices had decreased slightly by 0.01% m/m (that is compared to the end of January), and by 2.6% y/y (that is compared to February 2016). Although overall FPI did not change very much either m/m or y/y, some foods experienced quite notable changes in prices.