In the middle of December, food prices maintained an upward trend, as ISET’s Retail Food Price Index increased by 2.2%, compared to mid-November 2017. It turns out that the holidays will cost more in 2017, compared to December 2016, as we recorded a significant 10.9% y/y increase in food prices.

In the last two weeks of November, ISET’s Retail Food Price Index showed a significant, 10.8% y/y increase (compared to November 2016). On a monthly basis (compared to October 2017), food prices in Tbilisi’s major supermarkets increased slightly by 0.9%. We recorded the biggest bi-weekly price increases for eggplant (41.2%), cucumbers (20.5%), and onions (16.3%).

In the first half of November, ISET’s Retail Food Price Index increased by 9.2% y/y (compared to November 2016). On a monthly basis (compared to October 2017), retail food prices slightly increased, by 1.2%. The largest bi-weekly price changes were recorded for fruits and vegetables.

At the end of October, food prices maintained an upward trend; ISET’s Retail FPI gained 2.6% m/m (compared to the last week of September). On an annual basis (compared to October 2016), we recorded a significant 11.3% increase in food prices. According to data from the last two weeks of October, the biggest increase in price was recorded for tomatoes (99%), for which the price almost doubled due to seasonality.

In the first half of October, food prices in Tbilisi’s major supermarkets increased by 10.8% compared to October 2017. On a monthly basis (that is, compared to September 2017), ISET’s Retail Food Price Index increased slightly by 1.7%. On a biweekly basis, most of the prices increased, leading to a higher Retail FPI.