In partnership with PMC Research, ISET Policy Institute is working on the project “Sector and Value Chain Analytics” under the USAID Economic Security Program, implemented by DAI. Using quantitative and qualitative analytical methods, the project team analyzes economic tendencies in the local and also regional/global context, competitiveness of local businesses, opportunities, and challenges in various targeted value chains.
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%).