Daily News: Economics
October 15, 2019
“TBC RESEARCH”: IN CASE OF MAINTENANCE OF LARI EFFECTIVE EXCHANGE RATE AT THE CURRENT LEVEL, INFLATION WILL GROW UP TO 8% BY END OF THE YEAR
TBC Research points that inflation in Georgia “jumped sharply” in September up to 6.4%, being “broad based across a number of products, both imported and domestic, indicating that besides direct cost-push pressures stemming from the undervalued exchange rate, higher inflation expectations are also building up”. The company considers that in assumption of preservation of current level of commodity prices and real effective exchange rate of lari, inflation this year will reach 8% (previous forecast made up around 7%).
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2.6753 |
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