BAKU, Azerbaijan, Oct. 11
By Maryana Akhmedova – Trend:
Georgia's gross international reserves in September 2021 amounted to $4.1 billion, which is 8.3 percent more than over the same period of 2020, Trend reports via Galt&Taggart weekly market watch.
The increase in reserves was mainly due to the transfer of coronavirus-related aid to Georgia by international donors, said the report.
According to the National Bank of Georgia (NBG), reserves decreased by 1 percent ($40 million) on a monthly basis, reflecting sale of $60 million by the NBG at the auction.
"Other changes in reserves were attributed to the government and banking sector FX operations, and/or asset revaluation," the review said.
Meanwhile, annual CPI (consumer price index) inflation retreated to 12.3 percent in September 2021. Core inflation indicator (non-food, non-energy) was 6.3 percent. By categories, annual inflation was mainly driven by price changes in the following categories: food and non-alcoholic beverages (+15.9 percent y/y), transport (+20.3 percent y/y), housing, water, electricity, gas and other fuels (+11.8 percent y/y), health (+9.2 percent y/y), furnishings, household equipment and maintenance (+12.5 percent y/y) and restaurants and hotels (+10.7 percent), the review said.
On a monthly basis, There was a 0.2 percent inflation in September 2021, reflecting price increase in education (+4.3 percent y/y), the report said.
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