Inflation was 1.4% y/y and 0.2% m/m in January 2015
The annual inflation (CPI) rate in Georgia was recorded at 1.4% in January 2015, according to GeoStat. Overall price changes were driven by the price increases on food (+1.7% y/y, 0.53ppts), healthcare (+7.3% y/y, 0.75ppts) and alcohol and tobacco (+6.6% y/y, 0.34ppts), while prices in transport group decreased (-5.9% y/y, -0.71ppts, as prices were down on fuels and lubricants (-12.3% y/y) within this category).
January monthly inflation rate was 0.2%, with price increases on alcohol and tobacco (+4.5% m/m, 023ppts) and food and non-alcoholic beverages (+1.2% m/m, 0.38ppts) being the major drivers. Prices in transport group decreased (-3.7% m/m, -0.44ppts, as fuels and lubricants prices dropped by 7.3% m/m within this category).
Gross international reserves stood at US$ 2.6bn end-January 2015
Gross international reserves stood at US$ 2.6bn (-3.3% m/m) as of end-January 2015 according to NBG. In the same period net foreign assets of NBG reached US$ 2.4bn (-3.2% m/m).
