TITLE

Inflation Rears Its Ugly Head

PUB. DATE
October 2006
SOURCE
Emerging Europe Monitor: Russia & CIS;Oct2006, Vol. 10 Issue 10, p1
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article assesses the status of price inflation in Georgia and offers an outlook for 2006 and 2007. Prices rose by a hefty 14.5% year-on-year in July. The high annual inflation out-turn can be attributed to base effects resulting from the large price falls seen in summer 2005. This breakdown of price growth clearly demonstrates that more expensive gas imports from Russia are having a major impact on inflation. BMI has upped its forecasts for end-year inflation for 2006 and 2007 to 10.9% and 8.1%, respectively.
ACCESSION #
22480433

 

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