Over the past few years, food prices have been increasing and Georgia has been facing food price inflation in the double digits. This is primarily due to international market trends that reflect concerns over decreased production, increased crude oil prices, as well as COVID-19 pandemic-related restrictions. Russia’s full-scale invasion of Ukraine increased pressure on international food markets already struggling with soaring prices.
On March 14, the ISET Policy Institute organized a roundtable discussion on Food Prices, Price Controls, and their Potential Impact on Georgia’s Economy. The event was attended by experts from local and international institutions who shared their views and exchanged ideas on proposed policy solutions.