Inflation fell to a 21-month low of 8.1% in February from 9.4% in January. Food and utilities inflation will remain stubbornly high, however. Price pressures should moderate further over the course of this year. This should prompt the Central Bank to loosen its restrictive monetary policy stance ahead; it stood pat in early February.
Georgia Exchange Rate (GEL per EUR, eop) Data
|Exchange Rate (GEL per EUR, eop)||3.1||3.1||3.2||4.0||3.5|