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Imported products to jump in price in Georgia - expert2011-01-13 14:56
Well-known Georgian economist Nodar Khaduri foretells a growth in prices for the imported products.gt-en-newsitem-inside
According to Business-Georgia, Khaduri underlined that one of the possible basic factors for the jump in prices for the imported products is the devaluation of the national currency rate.
"The foreign currency flow has decreased, triggering the growth of demand. The main problem that may emerge is the jump in prices for the imported products. Further dollar rate increase will cause a still greater price growth", - the expert remarked.
Besides, according to Khidauri, National Bank of the country possesses sufficient foreign currency reserves to help prevent further decrease of the lari rate.
Let us remind you that earlier, the National Statistics Service of Georgia reported that the inflation indicator in the country amounted to 11,2 percent in December 2010.
Total inflation indicator in 2010 was 7,1%. Besides, the price growth exceeded 10% in last November and December. Thus, inflation has set up a sad record in Georgia: the country has not experienced such a high price growth rate since 2007.