Annual inflation up 2.0% in December 2014
Annual inflation (CPI) rate in Georgia was recorded at 2.0% in December 2014, according to GeoStat, driven by the price increases on food and non-alcoholic beverages (+2.5% y/y, 0.78ppts), healthcare (+6.7% y/y, 0.70ppts) and furnishing and household equipment (+4.0% y/y, 0.23ppts). December monthly inflation rate was 0.7%, with price increases on food and non-alcoholic beverages (+1.2% m/m) and furnishing and household equipment (+2.6% m/m) being the major drivers.
Gross international reserves stood at US$ 2.7bn end-December 2014
Gross international reserves stood at US$ 2.7bn (+3.5% m/m) as of end-December 2014 according to NBG. In the same period net foreign assets of NBG reached US$ 2.4bn (+5.5% m/m).
