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Average annual change in consumer prices in Georgia expected at 6-7 percent in 2011-2015

Business Materials 30 July 2011 10:55
According to the Georgian government's forecasts, the average annual change in consumer prices is expected at 6-7 percent in 2011-2015, the document "Basic information and direction of the country's development in 2012-2015" says.

Georgia, Tbilisi, July 30/ Trend, N. Kirtskhalia /

According to the Georgian government's forecasts, the average annual change in consumer prices is expected at 6-7 percent in 2011-2015, the document "Basic information and direction of the country's development in 2012-2015" says.

It says that in 2011 consumer prices are expected to rise by 7 percent, and the average annual change in prices is expected within six percent in 2012-2015. The government believes that during the forecasted period it is expected to decrease money movement, but trend growth is expected for money multipliers.

In December 2010, consumer prices increased by 11.2 percent compared to December 2009, while average annual inflation hit 7.1 percent. Food and beverages increased the overall price level by 9.5 percent.

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