The Russian ban on Turkish goods turns out to be a boon for Georgian consumers. As Turkey is shifting its surpluses to the Georgian market, the prices of fruits and veggies are plummeting.

Retail food prices, as measured by ISET-PI’s FPI, show 3.4% increase y-o-y (that is compared to the January 2015) and 2.6% increase from the previous month (that is when January 2016 is compared to December 2015). Compared to the previous month the biggest rise in price happened for eggplant (33.3%), tomatoes (20.8%) and tangerines (14.3%).

Once again, Georgians across the country are preparing for the holiday season, making travel plans, crushing walnuts for gozinaki, and buying gifts for their friends and families. Gifts are an important part of celebrating the New Year and Christmas, signifying the importance of friendship and allowing us to treat our loved ones to something to start a brand new year in style.

Retail food prices, as measured by ISET-PI’s FPI, increased by 0.4% in early December compared to mid-November. Prices are also up 2.2% year-on-year (y-o-y, that is compared to the December 2014). The largest increases were registered for eggplants (up 76%), cucumbers (52.1%) and greens (16.2%).

In the last two weeks of November, Retail FPI decreased by 0.3%. Prices increased in the fruit and vegetable category. Grape price increased by 47%, tomatoes by 17.3% and eggplant by 12%. Unlike other fruits, tangerines, which are late to arrive to the market, went down in price by more than 30%.