Georgia posted an annual inflation rate of 1.3 percent in February, slightly down from 1.4 percent in January, said the state statistics office, Geostat, on Wednesday.
Economists attributed the moderate rise of inflation in February mainly to delayed effects of the depreciation of the national currency, lari, against the U.S. dollar. It is predicted that March will witness a more notable leap in prices of all products.
Since early February, the lari has lost 9 percent of its value against the dollar, and almost all kinds of food products’ prices have kept climbing since the beginning of this month as a result of the lari devaluation. Enditem
Source: Xinhua
