The World Health Organization’s declaration of Covid-19 as a pandemic on March 11, 2020 can be considered a watershed in the recent history of mankind. The pandemic and its concomitant changes, such as switching to remote activities, affected different aspects of one’s life, including individuals’ participation in and behavior on the labor market.
In the first two weeks of December, Georgian retail prices increased. ISET’s Retail Food Price index gained 1.2% m/m (compared to mid-November). Nonetheless, compared to December 2015, the holidays will cost less than n 2016, as we recorded a significant 13% decrease in food prices. IN THE SPOTLIGHT Most noteworthy bi-weekly price increases were observed for the following food items: eggplant (14%), beef (8%), and rice (8%). While the weaker Georgian lari was supposed to boost the prices of imported commodities (the Georgian lari has lost value during the last couple of weeks), surprisingly, prices dropped the most for imported apples (18%), imported tomatoes (13%), and cucumber (8%).