13
October
2014
In September 2014, the cost of cooking one Imeretian khachapuri gained 3.2% relative to August, reaching 3.35 GEL. Importantly, Khachapuri Index added much more than 13.7% in annual terms, suggesting that Georgia is beginning to experience inflation, at least as far as food prices are concerned.
06
October
2014
The ISET Khachapuri Index continued moving along its upward seasonal trend, reaching 3.35 GEL in September 2014. This is 3.2% higher compared to August 2014 (m/m) and 13.7% higher compared to September 2013 (y/y). Such a sharp increase in prices was not unique to Khachapuri ingredients, however. As reported by GeoStat, the general Consumer Price Inflation (CPI) in September 2014 reached 1.2% in monthly terms and, what is more alarming, 4.8% relative to September of last year (y/y).
23
September
2014
About 9 months ago, we were already discussing the oddities of egg prices in Georgia (“The Georgian Egg of Discord”, by Giorgi Kelbakiani and Eric Livny). At that time, huge volatility in egg prices could be explained by interesting political dynamics. Under the UNM government, local producers of eggs were largely protected from external competition through non-tariff import barriers, called by the ministry of agriculture a “complete violation of law and international agreements”.
13
September
2014
In September, sale prices for residential properties in Tbilisi declined significantly compared to the previous year (-8.6 %). In terms of area, Old Tbilisi continues to lead the price index, at 1,143 USD per m2 in September.
01
September
2014
The main objective of this project is to analyse a possible impact of imposing 20% tariff on wine export from Georgia to Russia on grape prices in Georgia. In addition, the study aims to assess the impact of this possible tariff on the incomes of grape producers in Georgia. In addition, the study aims to assess the impact of this possible tariff on the incomes of grape producers in Georgia.
