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Tag Archives: inflation

Georgian Weekly Marketwatch by Galt& Taggart

Galt &Taggart

The leading investment banking and investment management services company in Georgia Galt & Taggart reports Georgia’s weekly market watch, outlining and evaluating current economic and business issues. Real GDP grew 3.0% y/y in October 2015 and 2.8% y/y in 10M15 Georgia’s real GDP grew 3.0% y/y in October 2015 (real …

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George Kadagidze: Inflation Target Will Be at 3% Point in 2017

George Kadagidze, president of National Bank of Georgia links the loan rate increase to the strengthening of monetary policy and GEL devaluation. George Kadagidze noted at the final meeting, as the President of NBG with the members of Business Association, that the regulatory bank guides with mortgage and business crediting …

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Inflation in Georgia Reaches 4-year Low

Rate of inflation in Georgia has intensified. According to the data by Geostat In November 2015 the annual inflation rate in Georgia equaled 6.3 percent, which is 4-year maximum. According to Geostat, in November inflation rate equaled to 0/3% compared to previous year. The annual inflation rate was mainly influenced by …

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Inflation Trends Intensify

Inflation Georgia

National Bank Keeps Raising Monetary Policy Rate to Curb Inflation, but in Vain. In October 2015, Georgia’s inflation rate marked 5.8% as compared to the same period of 2014. The inflation rate made up 0.8% compared to September 2015. The annual inflation upturn has more hit regions than the capital …

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NBG Tightens Monetary Policy to Avoid Further Inflation

Inflation Geogia

The Monetary Policy Committee of the National Bank of Georgia  met on November 4, 2015 and decided to increase the refinancing rate by 50 basis points to 7.5 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the National Bank of Georgia continues the monetary …

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Georgia’s Monthly Inflation Reaches 0.8%; Annual Rate Equals 5.8%

Georgia’s monthly inflation rate is slightly dropping while the annual inflation rate is on the rise following price changes to several major commodities in the consumer basket. Georgia’s National Statistics Office, Geostat, released latest information about the country’s monthly and annual inflation rates; the October 2015 monthly inflation rate reached …

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Low Inflation – Myths And Reality

The consumer basket that includes 295 goods and services has risen in price by 80%. The growth was higher or lower for different items. An over 5% growth was recorded for 148 items, while 14 items cheapened by less than 5%. Is the 5.4% rise in averaged price realistic? In …

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Georgia’s Monthly Inflation Rate Grows by 1%

The country’s inflation rate is increasing following price changes of several major commodities in the consumer basket. Today Georgia’s National Statistics Office, Geostat, released latest information about the country’s monthly and annual inflation; the August 2015 monthly inflation rate reached one percent while the annual inflation rate equalled 5.4 percent. …

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NBG Increases Its Policy Rate to 5.5%

The Monetary Policy Committee of the National Bank of Georgia met on July 1, 2015 and decided to increase the refinancing rate by 50 basis points to 5.5 percent. The monetary policy decision is based on the macroeconomic forecast, which shows increase in the inflation expectations as well as in …

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U.K. Inflation Falls Below Zero for First Time Since 1960

U.K. Inflation Falls Below Zero for First Time Since 1960

Britain’s inflation rate fell below zero for the first time in more than half a century, as the drop in food and energy prices depressed the cost of living. Consumer prices declined 0.1 percent in April from a year earlier, the Office for National Statistics said in London on Tuesday. …

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GEL Devaluation Suspended Sales in the Real Estate Market

“Archi” Group” Director General Ilya Tsulaia says the company is suffering   sales decline. He estimates that demand decreased   30 percent. In such circumstances Tsulaia does not plan to revise pricing policy, because the company is already working on a low profit margin, although the company launched a new …

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Georgia’s monthly inflation rate in January amounts to 0.2 %

Georgia’s monthly inflation rate in January 2015 amounts to 0.2 percent, revealed the latest data from the National Statistics Office of Georgia (Geostat). In the reporting period the inflation rate is formatted following the price changes of alcohol, cigarettes, vegetables and other basic needs.

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