04
March
2017
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).
04
March
2017
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.
28
February
2017
The Georgian Business Confidence Index (BCI) continues to decline, albeit at a slower pace. The first-quarter decrease in the Index was mostly driven by a significant decline in past performance.
27
February
2017
The average cost of cooking one standard Imeretian khachapuri in February 2017 is 3.66 GEL, which is 0.2% lower month-on-month (compared to the previous month), and 6.2% higher year-on-year (that is, compared to the same month of last year). The highest price for khachapuri is found in Kutaisi, where the price stands at 3.95 GEL. Telavi took second place with 3.59 GEL.
20
February
2017
We started forecasting the annual growth rate at the start of 2014 (see our January 2014 and February 2014 publications for a note on methodology). Based on this month’s data, we expect annual growth in 2017 to be 2.5% in the worst-case or “no growth” scenario, and 3.4% in the best-case or “average long-term growth” scenario.
