Georgia Capital PLC Investment Overview
40
20
0
-20
-40
Mar-00
60
80
Jul-11
Nov-11
Mar-12
Jul-12
Inflation targeting since 2009
Inflation y-o-y vs. inflation target
Sources: NBG, GeoStat
Nov-12
Mar-13
Inflation target is 3% from 2018
Jul-13
Nov-13
Mar-14
Jul-14
M2 vs. inflation, y-o-y,%
Sources: Geostat, NBG
Oct-00
May-01
Dec-01
Jul-02
Feb-03
Sep-03
Apr-04
Nov-04
Jun-05
-ΛΟΝ
Mar-15
15.0
13.0
Inflation y-o-y
10
Source: GeoStat
GEORGIA
CAPITAL
10
11.0
8
9.0
9
7.0
4.6
4
5.0
3.0
2
1.0
0
-1.0
-2
-3.0
Jul-09
Feb-10
Jul-15
Nov-15
Mar-16
Sep-10
Apr-11
Jul-16
Nov-11
Nov-16
Jun-12
Jan-13
Mar-17
Aug-13
Mar-14
Jul-17
Nov-17
Oct-14
May-15
Dec-15
Mar-18
Jul-18
Jul-16
Feb-17
Sep-17
Apr-18
Nov-18
Jun-19
Nov-18
Mar-19
Jul-19
Jan-06
Aug-06
Mar-07
Oct-07
May-08
Dec-08
M2 Y/Y % LHS
Inflation Y/Y % RHS
0
Source: Geostat
16
1300
14
1200
12
10
1100
8
1000
6
900
4
800
700
-2
600
500
400
Monthly Inflation
Headline Inflation
Core (non-food, non-energy) Inflation
Average monthly nominal earnings
Monthly nominal earnings increased on average 7.7% y-o-y in 2010-2018
2010 I
2010_III
2011_I
2011 III
2012_1
2012 III
2013 I
2013_III
2014_1
2014 III
2015_I
2015_III
2016 I
2016 III
2017_1
2017 III
2018_1
2018 III
2019_1
GEL 1,093
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