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Main Contributors: Eric Livny, Lasha Labadze, Florian Biermann and Giorgi Kelbakiani

Abstract

Latest Issue: May 13, 2013

According to GeoStat, in April 2013 the general price level in Georgia went up slightly by 0.4% compared to March 2013. Yet if we compare the current prices to those prevailing one year ago, it becomes obvious again that Georgia is going through an extended deflationary phase. Compared to April 2012, the price of the consumption basked decreased by 1.7% -- the fifteenth consecutive month that we observe y/y deflation. This tendency matches with our Khachapuri Index, which was 1.9% lower than in April 2012.

According to GeoStat data for April 2013, the most significant contributions to the y/y price decline came from the “Food and non-alcoholic beverages” (down by 3.7%) and “Transport” (down by 4.7%). “Healthcare” got more expensive (up by 3.9%).

+ Economic Lesson of the Week: Georgia's Human Resources
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Archives

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# Date Title Topic
87 22/04/13 Jobless Growth in Georgia Social Policy
86 15/04/13 Does Roads Infrastructure Promote Regional Development? Social Policy
85 8/04/13 The Gender Pay Gap Social Policy
84 1/04/13 Food Economics Agricultural Policy
83 25/03/13 Different Capitalisms Macroeconomic Policy
82 18/03/13 The Economics of Happiness Social Policy
81 11/03/13 The Price of Money Macroeconomic Policy
80 4/03/13 Poverty in Georgia Social Policy
79 25/02/13 Which is Better: Schooling or Homeschooling? Other
78 18/02/13 The Future of Labor Macroeconomic Policy
77 11/02/13 Use of Consumer Confidence Index Macroeconomic Policy
76 28/01/13 Dependence on Global Prices Macroeconomic Policy
75 21/01/13 Christmas Trees - the Only Business in which Georgia Holds a 97% Share of the Foreign Market! Agricultural Policy
74 24/12/12 A Special New Year Edition Other
73 17/12/12 Touristic Destination or Trade Corridor? Macroeconomic Policy
72 10/12/12 Economics Growth and Income Inequality in Georgia Social Policy
71 19/11/12 Roads and Rural Development: The case of Samtskhe Javakheti Macroeconomic Policy
70 26/11/12 The Puzzle Agricultural Productivity in Georgia and Armenia Agricultural Policy
69 19/11/12 Mass Family Gatherings in Georgia: Tradition of Waste or a Form of Insurance? Social Policy
68 12/11/12 Price Stability - The Lull Before the Storm? Macroeconomic Policy
67 5/11/12 Consumer Confidence Boosted by Elections, in Tbilisi Political Economy
66 22/10/12 Politics and Electricity Prices Political Economy
65 15/10/12 Elections and Consumer Confidence Political Economy
64 8/10/12 Democracy and Economic Growth Political Economy
63 1/10/12 Breaking the Vicious Circle of Poverty and Inequality Social Policy
62 25/09/12 Labor Migrations and Remittances to Georgia Macroeconomic Policy
61 17/09/12 Farmer Cooperation, The Nikozi Experiment Assessed Agricultural Policy
60 10/09/12 No Money, No Venture, No Gain in Georgia's Agriculture Macroeconomic Policy
59 3/09/12 Who is Able to Afford a Khachapuri? Social Policy
58 27/08/12 Wives For Sale: The Economic Rationale Behind Marriage Payments in the Georgian Highlands Social Policy
57 6/08/12 Georgian Driving Manners and Economic Competitiveness Macroeconomic Policy
56 30/07/12 What Can Help Reduce Regional Disparities In Georgia? Regional Policy
55 23/07/12 Georgian Consumer Sentiment Shooting Up In June 2012: Is It The Sun, Food, Prices, Or What? Macroeconomic Policy
54 9/07/12 It Is Inefficient Marketing, Stupid! Agricultural Policy
53 9/07/12 Cheese and Children as Investment Assets? Macroeconomic Policy
52 2/07/12 Everything You Wanted to Know About Your Electricity Bill Industrial Organization
51 25/06/12 Happy Birthday Khachapuri Index! Agricultural Policy
50 18/06/12 Why Elections Happen in the Fall? Political Economy
49 11/06/12 Expectations and Prices Macroeconomic Policy
48 4/06/12 Are Georgian Village Communities able to Organize Themselves? The Case of Shrosha Agricultural Policy
47 28/05/12 IMF Monetary Policy Prescriptions in Action Macroeconomic Policy
46 14/05/12 Economics and Religion Other
45 7/05/12 CPI Deflator and Real GDP Macroeconomic Policy
44 30/04/12 Georgia‘s Trade Deficit Trade Policy
43 23/04/12 Carrefour Elephant in the Georgian Retail Market Industrial Organization
42 16/04/12 How Rich Georgia Really Is? Macroeconomic Policy
41 9/04/12 Consumer Price Index Inflation in Georgia: 2011 vs 2012 Macroeconomic Policy
40 2/04/12 No News Is Not Good News for Georgian Farmers Micro-level Competition Analysis
39 26/03/12 Seasonal Versus Year–Round Milk Production Agricultural Policy
38 19/03/12 Are Declining Prices Good For The Economy? Macroeconomic Policy
37 12/03/12 Is Small Scale Agriculture Necessarily Inefficient? Agricultural Policy
36 5/03/12 Why Do We Need a National Currency? Macroeconomic Policy
35 27/02/12 The Price of Bread and Democracy Political Economy
34 20/02/12 The Less Food (in the Consumer Basket) the Better! Macroeconomic Policy
33 13/02/12 What Can Governments Do to Reduce Regional Disparities? Regional Policy
32 6/02/12 Cheese and Wine, a Tale of Two Georgian Product Agricultural Policy
31 30/01/12 How Much Georgia Exports? Trade Policy
30 23/01/12 Perceptions Do Matter Macroeconomic Policy
29 16/01/12 If the Mountain won‘t Come to Muhammad, Muhammad Must Go to the Mountain Regional Policy
28 26/01/11 Is Georgia a Cheap Country? Trade Policy
27 19/12/11 A Cigarette a Day Keeps the Doctor Away… in Georgia Social Policy
26 12/12/11 When Supply Meets Demand… Micro-level Competition Analysis
25 5/12/11 Seasonal Products and Inflation Macroeconomic Policy
24 28/11/11 Is GEL Exchange Rate Misaligned According to Khachapuri and Big Mac Indices? Macroeconomic Policy
23 21/11/11 Khachapuri a Day Keeps Poverty Away! Social Policy
22 14/11/11 Tired of Looking for Spare Parts for Your Car? Market Size Matters! Micro-level Competition Analysis
21 7/11/11 Inflation in Georgia Coming to a Halt? Macroeconomic Policy
20 31/10/11 Real Exchange Rate of the GEL and the ISET Khachapuri Index Trade Policy
19 24/10/11 Global Commodity Price Volatility Trade Policy
18 17/10/11 How Come the Same Product Is Sold at Different Prices in the Same Market? Micro-level Competition Analysis
17 10/10/11 Short–Term Volatility in the Price of Agricultural Commodities Agricultural Policy
16 26/09/11 When Are Markets (un)Competitive Micro-level Competition Analysis
15 19/09/11 Real Exchange Rate of the GEL Macroeconomic Policy
14 12/09/11 Global Commodity Price Dynamics and Inflation in Georgia Macroeconomic Policy
13 5/09/11 Peak Load in the Georgian Tourism Industry Industrial Organization
12 29/08/11 Better Coordination, Planning and Veterinary Controls can Help Reduce the Risk in Georgian Agriculture Agricultural Policy
11 22/08/11 Khachapuri Index for Hard Currency Earners Macroeconomic Policy
10 15/08/11 Consumer Price Index – Marshrutkas vs Potatos Macroeconomic Policy
9 8/08/11 Georgia‘s Economic Geography Regional Policy
8 1/08/11 Seasonal Fluctuations in Tourism, the Case of Bakuriani Industrial Organization
7 18/07/11 Opening Up the Black Box of the Consumer Price Index (CPI) Macroeconomic Policy
6 11/07/11 What Can Explain the Opposite Movement of Kh-Index in Tbilisi and Other Cities in Our Sample? Regional Policy
5 4/07/11 Buy Agricultural Products in Summer to Consume in Winter Agricultural Policy
4 27/06/11 Real Appreciation of the Local Currency – Is It Good or Bad? Macroeconomic Policy
3 20/06/11 Georgia Is a Tiny Fraction of the Global Economy Trade Policy
2 13/06/11 Purchasing Power Macroeconomic Policy
1 6/06/11 Seasonal Fluctuations Statistical Theory

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