Inflation in Georgia

Georgia Inflation | Economic News & Forecasts

Georgia - Inflation

Available data points to healthy activity in the second quarter, following a solid outturn in Q1 that was buttressed by an upbeat external sector. Although economic growth eased slightly in May, it remained firm nonetheless, propped up by the real estate, trade and hospitality industries. In addition, buoyant growth of tourist arrivals in Q2, coupled with strong remittance inflows in the same period, particularly from Italy and Greece, likely supported consumer demand. In other news, in an apparent bid to deescalate tensions between Tbilisi and Moscow, Russian President Vladimir Putin rejected calls by parliament to impose sanctions on Georgia. However, a flight ban remains in place, which may have an adverse impact on the all-important tourism industry.

Georgia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)-0.5  3.1  4.0  2.1  6.0  

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Georgia Inflation Chart

Georgia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: National Bank of Georgia.

Georgia Facts

Exchange Rate2.970.0 %Jul 31
Stock Market0.10.55 %Jul 31

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