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4.2 Inflation
4.2.1 CPI dynamics
Georgia’s CPI inched upwards amidst depreciation concerns
Georgia's consumer price inflation (CPI) reached 6.4% y/y and 0.8% m/m in October, according to national statistics agency Geostat. In September, inflation stood at 6.2% y/y and 0.7% m/m.
The rate of inflation exceeds the government's target of 4% and reflects the instability in the exchange rate. Echoing similar developments in neighbouring countries, the Georgian lari depreciated by some 40% in 2014-2015 down to GEL2.78 to the dollar.
15 GEORGIA Country Report December 2017 www.intellinews.com
